Yixin derives its revenue mainly from providing a marketplace for car transactions and acting as an intermediary for consumers to get car loans. Photo: EPA

Tencent-backed Yixin, Hong Kong’s 10th hottest IPO, disappoints in debut

But the online car retailer’s CEO believes Yixin’s flotation can help Hong Kong achieve its ambition of becoming a tech IPO hub

Topic |   IPO

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Yixin derives its revenue mainly from providing a marketplace for car transactions and acting as an intermediary for consumers to get car loans. Photo: EPA
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Laura He

Laura He

Before joining the Post, Laura worked for MarketWatch and The Wall Street Journal Digital Network in San Francisco and Hong Kong. She has also worked for Forbes in San Francisco and had stints at Xinhua News Agency as economics editor, anchor and financial correspondent in both Beijing and Hong Kong. She has an MA degree in digital journalism from Stanford University and passed CFA exams.