Understanding the Market | CHANGJIU HLDGS surged over 16% during trading as the automotive circulation model undergoes transformation, with the JiuChe GO platform certifying over 12,000 car dealers

CHANGJIU HLDGS rose over 16% during the session, and as of the time of writing, it has increased by 14.83%, trading at HKD 4.49, with a transaction volume of HKD 1.0341 million. In terms of news, on December 28, Xiao Zhengsan, president of the China Automobile Dealers Association, stated that the Chinese automobile circulation sector is facing a profound transformation, and in the future, there will be a restructuring of the elements of the circulation supply chain, resulting in a more efficient and intensive circulation model. The future of the Chinese automobile circulation sector will revolve around changes in consumption patterns, giving rise to a more consumer-centric, experiential, and convenient circulation format, achieved through the restructuring of the elements of the circulation supply chain to create a more efficient and intensive circulation model. It is noteworthy that in July of this year, CHANGJIU HLDGS announced that as an advanced B2B automobile supply chain service platform under the group, the JiuChe GO platform will start its certification work from July 2024. As of the date of this announcement, the group has successfully surpassed the milestone of having over 12,000 certified automobile dealer partners on board. This milestone figure signifies the successful leap of the JiuChe GO platform from 0 to 1, fully demonstrating the platform's strong capabilities and immense potential in the automotive industry