Maxim Group downgraded TuanChe from Buy to Hold

BEIJING, Jan. 13, 2022 /PRNewswire/ -- TuanChe Limited ("TuanChe," "Company," "we" or "our") (NASDAQ:TC), a leading integrated automotive marketplace in China, today announced its unaudited financial results for the third quarter ended September 30, 2021.   Key Third Quarter 2021 Financial and Operating Metrics Net revenues decreased by 38.9% to RMB61.1 million (US$9.5 million) from RMB100.0 million in the same period of 2020. Gross profit decreased by 35.1% to RMB46.8 million (US7.3 million) from RMB72.1 million in the same period of 2020. Quarterly number of auto shows organized across China decreased by 57.2% to 65 in 55 cities from 152 in 107 cities in the same period of 2020. Quarterly

BEIJING, Jan. 7, 2022 /PRNewswire/ -- TuanChe Limited ("TuanChe" or the "Company") (NASDAQ:TC), a leading integrated automotive marketplace in China, today announced that it plans to release its third quarter 2021 unaudited financial results before the U.S. market opens on Thursday, January 13, 2022. The earnings release will be available on the Company's investor relations website at http://ir.tuanche.com/. TuanChe's management will hold a conference call on Thursday, January 13, 2022, at 8:00 A.M. Eastern Time or 9:00 P.M. Beijing Time on the same day to discuss the financial results. Listeners may access the call by dialing the following numbers: US (Toll-Free): 1-888-346-8982 Internatio

BEIJING, March 28, 2025 (GLOBE NEWSWIRE) -- Token Cat Limited ("Token Cat" or the "Company") (NASDAQ:TC), a leading automotive marketplace in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission (the "SEC") on March 28, 2025. The annual report, which contains the Company's audited consolidated financial statements, can be accessed on the Company's investor relations website at https://ir.tuanche.com/ or the SEC's website at https://www.sec.gov/. The Company will provide a hard copy of the annual report, free of charge, to its shareholders and American Depositary Share holders upon reque

BEIJING, March 21, 2025 (GLOBE NEWSWIRE) -- Token Cat Limited ("Token Cat" or the "Company") (NASDAQ:TC), a leading automotive marketplace in China, today announced that it received a notification letter dated March 19, 2025 (the "Deficiency Letter") from the Listing Qualifications Department of The Nasdaq Stock Market Inc. (the "Nasdaq"), indicating that the Company is no longer in compliance with the minimum bid price requirement set forth in Rule 5550(a)(2) of the Nasdaq Listing Rules as the Company's closing bid price per American depositary share ("ADS"), each representing two hundred and forty (240) Class A ordinary shares, par value US$0.0001 per share, of the Company, has been bel

BEIJING, China, Feb. 14, 2025 (GLOBE NEWSWIRE) -- TuanChe Limited ("TuanChe," "Company," "we," or "our") (NASDAQ: TC), a leading automotive marketplace platform in China, is pleased to announce that effective on or around February 28, 2025, the Company will change its name to "Token Cat Limited." The Company's ADSs will continue trading on the Nasdaq Capital Market under the trading symbol "TC", and the CUSIP number shall remain unchanged. About TuanChe Limited Founded in 2010, TuanChe Limited (NASDAQ: TC), is China's leading automotive marketplace platform. TuanChe is dedicated to connecting automotive consumers with manufacturers, dealers, and service providers. By integrating its digi

BEIJING, Jan. 28, 2025 /PRNewswire/ -- TuanChe Limited (NASDAQ:TC) ("TuanChe" or the "Company"), a leading automotive marketplace platform, today announced its plan to adopt DeepSeek's newly released R1 model as the technological foundation for its intelligent service system. This initiative aims to further enhance TuanChe's technological capabilities in smart marketing and user interaction, delivering more precise, efficient, and intelligent automotive consumption experiences for its users. The DeepSeek R1 model has enhanced its advanced reasoning capabilities through a multi-stage loop training approach, demonstrating exceptional performance in mathematical operations, code analysis, and

BEIJING, Jan. 27, 2025 /PRNewswire/ -- TuanChe Limited (NASDAQ:TC) ("TuanChe" or the "Company"), a leading automotive marketplace platform, announced today its plan to adopt DeepSeek's newly released R1 model as the foundation for its holographic AI applications. This move aims to further strengthen TuanChe's technological capabilities in holographic digital content generation and interaction, providing users with a more immersive and intelligent holographic experience. The DeepSeek R1 model has significantly enhanced the deep reasoning abilities of large-scale models through a multi-stage loop training approach and has demonstrated outstanding performance in tasks such as mathematics, codi

BEIJING, China, Jan. 23, 2025 (GLOBE NEWSWIRE) -- TuanChe Limited ("TuanChe," "Company," "we," or "our") (NASDAQ: TC), a leading automotive marketplace platform in China, announced today that on January 16, 2025, it received two notification letters from the Nasdaq Listing Qualifications Staff of The NASDAQ Stock Market LLC ("Nasdaq"). The letters notified the Company of its non-compliance with the annual meeting requirement and the minimum stockholders' equity requirement, as outlined in the Nasdaq Listing Rules (the "Rules") for continued listing on the Nasdaq stock exchange. Under Rules 5620(a) and 5810(c)(2)(G), the Company is required to hold an annual meeting of shareholders within

BEIJING, Nov. 21, 2024 /PRNewswire/ -- TuanChe Limited ("TuanChe," "Company," "we," or "our") (NASDAQ:TC) is pleased to announce that it has entered into an advisory agreement with Waterside Inc. ("Waterside") to assist TuanChe in identifying suitable cryptocurrency mining equipment and related resources. This collaboration marks an important step in TuanChe's exploration of new business opportunities in the digital economy. On November 13, 2024, the price of Bitcoin surged again, surpassing $90,000 per coin. This latest surge further highlights the attractiveness of the cryptocurrency mining industry as a high-return sector. The engagement of Waterside aligns with TuanChe's strategic plan

BEIJING, Oct. 24, 2024 (GLOBE NEWSWIRE) --  TuanChe Limited ("TuanChe," "Company," "we" or "our") (NASDAQ:TC), a leading integrated automotive marketplace in China, today announced that it has entered into a definitive agreement with a single institutional investor for the purchase and sale of 761,719 of the Company's American Depositary Shares ("ADSs") (or pre-funded warrants to purchase ADSs ("ADS Equivalents") in lieu thereof). In a concurrent private placement, the Company agreed to issue and sell unregistered warrants to purchase up to an aggregate of 761,719 ADSs. The combined effective offering price for each ADS (or ADS Equivalent) and accompanying warrant is $1.449 per ADS. The pr

BEIJING, Aug. 30, 2024 /PRNewswire/ -- TuanChe Limited ("TuanChe," "Company," "we" or "our") (NASDAQ:TC), a leading integrated automotive marketplace in China, today announced its unaudited financial results for the six months ended June 30, 2024. Key First Half 2024 Financial and Operating Metrics Net revenues were RMB32.3 million (US$4.4 million).Gross profit was RMB22.4 million (US$3.1 million).The number of auto shows organized during the first half of 2024 was 63 in 47 cities across China.The number of automobile sale transactions facilitated during the first half of 2024 was 10,460, and the gross merchandise volume of new automobiles sold during the first half of 2024 was RMB1.7 bill

BEIJING, March 28, 2024 /PRNewswire/ -- TuanChe Limited ("TuanChe" or the "Company") (NASDAQ:TC), a leading integrated automotive marketplace in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission (the "SEC") on March 28, 2024. The annual report, which contains the Company's audited consolidated financial statements, can be accessed on the Company's investor relations website at https://ir.tuanche.com/ or the SEC's website at https://www.sec.gov/. The Company will provide a hard copy of the annual report, free of charge, to its shareholders and American Depositary Share holders upon reque

SC 13G/A - TuanChe Ltd (0001743340) (Subject)

SC 13G/A - TuanChe Ltd (0001743340) (Subject)

SC 13G - TuanChe Ltd (0001743340) (Subject)

SC 13G/A - TuanChe Ltd (0001743340) (Subject)

SC 13G/A - TuanChe Ltd (0001743340) (Subject)

SC 13G/A - TuanChe Ltd (0001743340) (Subject)

SC 13G/A - TuanChe Ltd (0001743340) (Subject)

SC 13G/A - TuanChe Ltd (0001743340) (Subject)

BEIJING, Nov. 22, 2023 /PRNewswire/ -- TuanChe Limited ("TuanChe" or the "Company") (NASDAQ:TC), a leading integrated automotive marketplace in China, today announced the results of the Company's 2023 Annual General Meeting of Shareholders ("2023 AGM") held on November 22, 2023, at 10:00 a.m. China Standard Time in Beijing, China. The proposals submitted for shareholder approval at the 2023 AGM have been approved. Specifically, the shareholders have passed the resolutions approving (1) the ratification of the appointment of Marcum Asia CPAs LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023, and (2) the ratification of the appointm

BEIJING, June 15, 2023 /PRNewswire/ -- TuanChe Limited ("TuanChe" or the "Company") (NASDAQ: TC), a leading integrated automotive marketplace in China, today announced the appointment of Mr. Simon Li as chief financial officer, effective from June 15, 2023. Mr. Simon Li has extensive experience in investment and corporate finance. Prior to joining the Company, Mr. Simon Li served as a partner at Hongmenge (Beijing) Private Equity Management Co., Ltd. from June 2020 to May 2023, leading its financing and investment portfolio management business lines. Prior to that, Mr. Li was the general manager of the capital market department of Chang'An NIO New Energy Automotive Technology Co., Ltd (now A

BEIJING, May 24, 2023 /PRNewswire/ -- TuanChe Limited ("TuanChe" or the "Company") (NASDAQ:TC), a leading integrated automotive marketplace in China, today announced a change in its board of directors (the "Board"). Mr. Fei Han tendered to the Board his resignation as an independent director of the Board, a member of the Audit Committee of the Board and a member of the Nominating and Corporate Governance Committee of the Board for personal reasons, effective from May 24, 2023. Mr. Fei Han's resignation did not result from any disagreement with the Company on any matter relating to the Company's operations, policies or practice. The Board appointed Mr. Tong Zhang as an independent director of

BEIJING, Feb. 17, 2023 /PRNewswire/ -- TuanChe Limited ("TuanChe" or the "Company") (NASDAQ: TC), a leading integrated automotive marketplace in China, today announced that the board of directors of the Company has appointed Mr. Wei Wen, the Chief Executive Officer of the Company, as the acting chief financial officer of the Company, effective on February 17, 2023, while the Company continues its active search for the right candidate to join the Company as chief financial officer. About TuanChe Founded in 2010, TuanChe Limited (NASDAQ: TC) is a leading integrated automotive marketplace in China. TuanChe offers services to connect automotive consumers with various industry players such as aut

BEIJING, Nov. 4, 2022 /PRNewswire/ -- TuanChe Limited ("TuanChe" or the "Company") (NASDAQ:TC), a leading integrated automotive marketplace in China, today announced the results of the Company's 2022 Annual General Meeting of Shareholders ("2022 AGM") held on November 4, 2022, at 10:00 a.m. China Standard Time in Beijing, China. The proposal submitted for shareholder approval at the 2022 AGM has been approved. Specifically, the shareholders have passed the resolution approving the ratification of the appointment of Marcum Asia CPAs LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2022. About TuanChe Founded in 2010, TuanChe Limited (N

BEIJING, Sept. 30, 2022 /PRNewswire/ -- TuanChe Limited ("TuanChe" or the "Company") (NASDAQ:TC), a leading omni-channel automotive marketplace in China, today announced that it would hold its 2022 annual general meeting of shareholders at 9F, Ruihai Building, No. 21 Yangfangdian Road, Haidian District, Beijing 100038, The People's Republic of China on November 4, 2022, at 10:00 a.m. (local time). The proposal to be submitted for shareholders' approval at the annual general meeting is the ratification of the appointment of Marcum Asia CPAs LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2022. The Board has fixed October 3, 2022 as the record d

BEIJING, Nov. 17, 2021 /PRNewswire/ -- TuanChe Limited ("TuanChe" or the "Company") (NASDAQ:TC), a leading integrated automotive marketplace in China, today announced the results of the Company's 2021 Annual General Meeting of Shareholders ("2021 AGM") held on November 17, 2021, at 10:00 a.m. China Standard Time in Beijing, China. Each of the proposals submitted for shareholder approval at the 2021 AGM has been approved. Specifically, the shareholders have passed resolutions approving: The ratification of the appointment of Marcum Bernstein & Pinchuk LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2021; and The amendment of the Artic

BEIJING, Oct. 4, 2021 /PRNewswire/ -- TuanChe Limited ("TuanChe" or the "Company") (NASDAQ:TC), a leading omni-channel automotive marketplace in China, today announced that it would hold its 2021 annual general meeting of shareholders at 9F, Ruihai Building, No. 21 Yangfangdian Road, Haidian District, Beijing 100038, The People's Republic of China on November 17, 2021, at 10:00 a.m. (local time). The proposals to be submitted for shareholders' approval at the annual general meeting include (1) the ratification of the appointment of Marcum Bernstein & Pinchuk LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2021, and (2) the amendment of Article

BEIJING, Sept. 15, 2021 /PRNewswire/ -- TuanChe Limited ("TuanChe," "Company," "we" or "our") (NASDAQ:TC), a leading omni-channel automotive marketplace in China, today announced the Audit Committee and the Board of Directors of the Company dismissed PricewaterhouseCoopers Zhong Tian LLP ("PwC") as its independent registered public accounting firm on September 13, 2021. In connection with the change of auditor, the Company provides that: 1. the report of PwC on the financial statements of the Company for the years ended December 31, 2020 and 2019 did not contain any adverse opinion or disclaimer of opinion and was not qualified or modified as to uncertainty, audit scope, or accounting princi