Welcome to our dedicated page for Token Cat news (Ticker: TC), a resource for investors and traders seeking the latest updates and insights on Token Cat stock.
Token Cat Ltd (TC) operates China's leading omnichannel automotive marketplace, connecting consumers with dealers through integrated digital platforms and live events. This news hub provides investors and industry observers with essential updates on TC's strategic developments and market position.
Access authoritative coverage of earnings announcements, partnership agreements, operational expansions, and technological innovations. Our curated selection includes official press releases and verified third-party reports, ensuring comprehensive perspective on TC's evolving role in automotive commerce.
Key focus areas include auto show initiatives, digital marketing advancements, and group buying program developments. Track TC's progress in transforming China's automotive retail landscape through data-driven event strategies and virtual dealership integrations.
Bookmark this page for streamlined access to TC's latest financial communications and market analyses. Regularly updated content supports informed decision-making for stakeholders monitoring China's competitive automotive technology sector.
Token Cat (NASDAQ: TC), a prominent Chinese automotive marketplace, has announced the filing of its annual report on Form 20-F with the Securities and Exchange Commission (SEC) for the fiscal year ended December 31, 2024. The filing was completed on March 28, 2025.
The annual report, which includes the company's audited consolidated financial statements, is now accessible through Token Cat's investor relations website and the SEC's website. The company has also committed to providing shareholders and ADS holders with complimentary hard copies of the annual report upon request.
Token Cat (NASDAQ: TC) has received a notification from Nasdaq on March 19, 2025, indicating non-compliance with the minimum bid price requirement. The company's American depositary shares (ADS) have traded below $1.00 for 30 consecutive business days.
The company has been granted a 180-day compliance period until September 15, 2025 to regain compliance. To meet requirements, TC's closing bid price must reach at least $1.00 for a minimum of 10 consecutive business days. If unsuccessful, TC may be eligible for an additional 180-day extension if it meets other Nasdaq Capital Market listing standards.
Token Cat is considering options including adjusting its ADS-to-Class A ordinary share ratio to regain compliance. The company maintains compliance with all other Nasdaq listing standards, and this notice does not affect business operations or SEC reporting requirements.
TuanChe (NASDAQ: TC), a leading automotive marketplace platform in China, has announced its planned name change to Token Cat . The change will become effective on or around February 28, 2025. The company's American Depositary Shares (ADSs) will maintain their current trading symbol 'TC' on the Nasdaq Capital Market, and the CUSIP number will remain unchanged.
TuanChe (NASDAQ: TC), a leading automotive marketplace platform, has announced plans to implement DeepSeek's R1 model to enhance its intelligent service system. The integration aims to improve the company's technological capabilities in smart marketing and user interaction.
The DeepSeek R1 model features advanced reasoning capabilities through multi-stage loop training, excelling in mathematical operations, code analysis, and natural language reasoning. The model's reinforcement learning allows autonomous learning of complex reasoning strategies through self-play and evolution.
TuanChe will integrate the R1 model into its intelligent marketing and interaction platform to analyze user behavior and market data for more personalized service recommendations. The open-source nature of R1 enables TuanChe to perform secondary development for specific scenarios and diverse customer needs.
TuanChe (NASDAQ: TC), a leading automotive marketplace platform, has announced the adoption of DeepSeek's R1 model for its holographic AI applications. The integration aims to enhance TuanChe's technological capabilities in holographic digital content generation and interaction.
The DeepSeek R1 model features advanced deep reasoning abilities through multi-stage loop training and excels in mathematics, coding, and natural language reasoning. Its reinforcement learning breakthrough enables autonomous learning through self-play and evolution without requiring extensive labeled data.
TuanChe plans to leverage R1's robust inference algorithms to optimize holographic image creation processes, enabling more precise 3D object reconstruction and detailed holographic visuals. The model's open-source nature will allow TuanChe to conduct secondary development and customization for various customer applications.
The press release titled 'TuanChe Announces Adoption of DeepSeek R1 Model in its Holographic Image Creation Processes' has been deleted by the news provider.
TuanChe (NASDAQ: TC), a leading automotive marketplace platform in China, received two non-compliance notifications from Nasdaq on January 16, 2025. The first notification concerns the company's failure to hold an annual shareholders' meeting within twelve months of December 31, 2023, as required by Rules 5620(a) and 5810(c)(2)(G).
The second notification relates to non-compliance with Rule 5550(b)(1), which requires maintaining minimum stockholders' equity of $2,500,000. TuanChe reported a stockholder's deficit of ($787,000) as of June 30, 2024, and does not meet alternative listing standards.
The company has 45 days to submit compliance plans. If accepted, TuanChe will have until June 30, 2025 to address the annual meeting issue and 180 days from January 16, 2025 to resolve the equity deficiency. The company plans to seek a home country practice exemption for the annual meeting requirement and will submit a plan to address the equity shortfall.
TuanChe (NASDAQ: TC) has announced its entry into the cryptocurrency sector through an advisory agreement with Waterside Inc. The agreement focuses on identifying suitable cryptocurrency mining equipment and related resources. This strategic move comes as Bitcoin recently surpassed $90,000 per coin on November 13, 2024. Waterside will provide consulting support in product design, specifications, electricity pricing, and hosting service rates. This initiative represents TuanChe's first step toward business diversification, aiming to create new growth opportunities and enhance shareholder value.
TuanChe (NASDAQ: TC) has announced pricing of a $1.1 million registered direct offering with a single institutional investor. The deal includes the sale of 761,719 American Depositary Shares (ADSs) or pre-funded warrants, plus a concurrent private placement of warrants to purchase an equal number of ADSs. The combined offering price is $1.449 per ADS with accompanying warrant. The private placement warrants will be immediately exercisable, have a five-year expiration, and an exercise price of $1.449 per share. The transaction is expected to close around October 28, 2024. Maxim Group serves as the exclusive Placement Agent.
TuanChe (NASDAQ: TC), a leading integrated automotive marketplace in China, announced unaudited financial results for H1 2024. Net revenues decreased 64.9% to RMB32.3 million (US$4.4 million) due to reduced customer marketing budgets and fewer offline activities. Gross profit fell 61.7% to RMB22.4 million (US$3.1 million), though gross margin improved to 69.2% from 63.4% year-over-year. Loss from operations decreased 14% to RMB47.5 million (US$6.5 million) as operating expenses were reduced by 38.5%. The company facilitated 10,460 auto sale transactions with a gross merchandise volume of RMB1.7 billion. TuanChe's management emphasized continued focus on cost management, operating efficiency, and developing innovative business initiatives to navigate the competitive landscape.
