https://www.scmp.com/rss/518148/feed Zhongsheng is a leading automotive retailer in China, focusing on the luxury and mid- to high-end market, with rights to distribute brands including Mercedes-Benz, Lexus, Audi, Porsche, Land Rover, Toyota, Nissan, Volkswagen and Honda. The company has more than 400 dealerships in 110 cities. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Zhang Shidong,Julie Zhang Zhang Shidong,Julie Zhang Electric-vehicle battery maker Contemporary Amperex Technology (CATL), copper miner CMOC Group and gold jewellery retailer Laopu Gold will join the Hang Seng Index next month following the latest quarterly review, as the compiler of the city’s stock benchmark pushes ahead with its plan to boost the number of constituent stocks after Hang Seng Bank withdrew its listing status. The three companies will be added to the gauge after the market close on March 6. Chinese car dealer Zhongsheng Group was... https://www.scmp.com/business/china-business/article/3343521/catl-cmoc-group-laopu-gold-join-hang-seng-index-latest-quarterly-review?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3343521/catl-cmoc-group-laopu-gold-join-hang-seng-index-latest-quarterly-review?utm_source=rss_feed Fri, 13 Feb 2026 11:39:30 +0000 Jardine Matheson said it will transfer its Mercedes-Benz business in China to its mainland car showroom affiliate, Zhongsheng Group, in a US$1.3 billion cash and shares deal that would raise its stake in the dealer to 21.25 per cent and make it the second-largest shareholder. The conglomerate, which is the biggest landlord in Central through its subsidiary Hongkong Land, has reached an agreement to transfer the China business, currently operated under its Zung Fu brand, to Zhongsheng Group,... https://www.scmp.com/business/companies/article/3139503/jardine-matheson-transfer-its-chinese-mercedes-benz-showroom?utm_source=rss_feed https://www.scmp.com/business/companies/article/3139503/jardine-matheson-transfer-its-chinese-mercedes-benz-showroom?utm_source=rss_feed Thu, 01 Jul 2021 22:30:26 +0000 Chinese car dealer Zhongsheng Group said its first-half earnings rose 18.6 per cent, driven by steady growth in the country’s vehicle sales and increased contribution from after-sales services. Net profit for the six months to June increased to 580 million yuan (HK$729 million) from 489 million yuan a year before, the company said in a statement to the Hong Kong stock exchange on Monday. Revenue grew 8.8 per cent to 26.8 billion yuan while sales costs jumped 8.6 per cent to 24.2 billion... https://www.scmp.com/business/china-business/article/1580531/car-dealer-zhongshengs-earnings-jump-186pc?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1580531/car-dealer-zhongshengs-earnings-jump-186pc?utm_source=rss_feed Mon, 25 Aug 2014 06:39:40 +0000 The share price of Zhongsheng Group rose 8.85 per cent yesterday after Jardine Strategic announced it was investing HK$5.6 billion in the car dealer. Jardines bought 236.5 million new Zhongsheng shares at HK$10.80 each, with the HK$2.57 billion deal giving it an 11.1 per stake in Zhongsheng. It also bought a HK$3.09 billion convertible bond that, if converted, would increase its stake to about 20 per cent. The deal marks Jardines' first big investment in a listed mainland company. "We have joint... https://www.scmp.com/business/money/markets-investing/article/1409994/zhongsheng-shares-rally-jardines-investment?utm_source=rss_feed https://www.scmp.com/business/money/markets-investing/article/1409994/zhongsheng-shares-rally-jardines-investment?utm_source=rss_feed Mon, 20 Jan 2014 17:10:34 +0000 It looked like an ordinary car dealership found anywhere on the mainland, with long glass windows showcasing the latest car models and a handful of neatly dressed agents waiting with their sales pitches. But when that outlet - the mainland's first authorised Toyota dealership - opened in the port city of Dalian 16 years ago, it marked the birth of Zhongsheng group, now the biggest Hong Kong-listed car dealer by market value. The company aspires to double its annual turnover and become the... https://www.scmp.com/business/china-business/article/1018744/zhongsheng-tale-life-fast-lane?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1018744/zhongsheng-tale-life-fast-lane?utm_source=rss_feed Sun, 19 Aug 2012 16:00:00 +0000