BITA: A Safer Target That Is Undervalued
Bitauto Holdings (NYSE: BITA) is one of China’s leading online auto platforms that provides content regarding auto brands and facilitate auto transactions. It’s considered to be a direct competitor with Autohome (NYSE: ATHM), the largest auto online platform in China.
Starting from 2018, China’s auto industry was hit by a nationwide slowdown in sales. Overall auto sales tumbled 16.4% in May from the same month a year prior, the China Association of Automobile Manufacturers (CAAM) said. That marked the 11th consecutive month of decline and followed