Core Viewpoint - TuanChe Limited plans to adopt DeepSeek's R1 model to enhance its intelligent service system, aiming to improve smart marketing and user interaction in the automotive marketplace [1][5]. Group 1: Technological Integration - The DeepSeek R1 model features advanced reasoning capabilities through a multi-stage loop training approach, excelling in mathematical operations, code analysis, and natural language reasoning tasks [2]. - TuanChe's selection of the DeepSeek R1 model highlights its robust reasoning abilities and self-learning characteristics, which will optimize user data analysis and intelligent recommendation systems [3]. Group 2: Service Enhancement - By incorporating the DeepSeek R1 model, TuanChe aims to leverage deep learning algorithms to analyze user behavior and market data, enabling more personalized service recommendations [4]. - The open-source nature of the R1 model allows TuanChe flexibility for secondary development and tailored applications, addressing diverse customer needs and business requirements [4]. Group 3: Strategic Implications - The adoption of DeepSeek R1 represents a significant milestone in TuanChe's digital and intelligent strategic upgrade, expected to drive the digital transformation of the automotive marketplace [5]. - This strategic decision is anticipated to inject new momentum into TuanChe's growth and facilitate the application of intelligent technologies within the automotive industry [5]. Group 4: Company Overview - TuanChe Limited, founded in 2010, is a leading automotive marketplace platform in China, connecting consumers with manufacturers, dealers, and service providers [6]. - The company integrates digital platforms with offline sales events to offer comprehensive automotive marketing and transaction services, transforming individual car purchases into large-scale group buying experiences [6].

Core Insights - TuanChe Limited plans to adopt DeepSeek's R1 model to enhance its holographic AI applications, aiming to improve technological capabilities in digital content generation and interaction [1][6] Group 1: Technological Advancements - The DeepSeek R1 model enhances deep reasoning abilities through a multi-stage loop training approach, excelling in mathematics, coding, and natural language reasoning [2] - DeepSeek R1's reinforcement learning allows for autonomous learning of complex reasoning strategies, reducing the need for large labeled datasets [2][3] - TuanChe aims to optimize holographic image creation processes by leveraging R1's robust inference algorithms, enabling precise capture and reconstruction of 3D objects [4] Group 2: Strategic Integration - The integration of DeepSeek R1 is a pivotal step in TuanChe's technological development, with plans for continued investment in AI and holographic technologies [6] - TuanChe intends to utilize R1's open-source nature for secondary development and customization to meet diverse customer needs [5] Group 3: Future Outlook - As TuanChe advances its integration of DeepSeek R1, it is expected to unveil more realistic and intelligent holographic digital content in the near future [7]

Core Points - TuanChe Limited has received notification letters from Nasdaq regarding non-compliance with annual meeting and minimum stockholders' equity requirements [1][2][3] - The company reported a stockholder's deficit of ($787,000) as of June 30, 2024, failing to meet the minimum requirement of $2,500,000 in stockholders' equity [3] - TuanChe plans to submit a compliance plan within 45 days and seeks an exemption from the annual meeting requirement [4][5] Company Overview - TuanChe Limited, founded in 2010, is a leading automotive marketplace platform in China, connecting consumers with manufacturers, dealers, and service providers [6] - The company integrates digital platforms with offline sales events to offer comprehensive automotive marketing and transaction services [6] - TuanChe is exploring entry into the cryptocurrency sector [6]

Group 1 - TuanChe Limited has entered into an advisory agreement with Waterside Inc. to explore opportunities in cryptocurrency mining equipment and resources [1][2] - The price of Bitcoin has surged past $90,000, indicating the high-return potential of the cryptocurrency mining industry [2] - This initiative marks TuanChe's first step towards diversifying its business portfolio into the digital currency sector [3] Group 2 - Waterside will provide consulting support on product design, specifications, electricity pricing, and hosting service rates for TuanChe [2] - TuanChe plans to keep its shareholders updated on the progress of this new initiative [4] - Founded in 2010, TuanChe is a leading automotive marketplace platform in China, connecting consumers with manufacturers, dealers, and service providers [5]

Core Viewpoint - TuanChe Limited has entered into a definitive agreement for the purchase and sale of 761,719 American Depositary Shares (ADSs) with a single institutional investor, alongside a concurrent private placement of unregistered warrants to purchase the same number of ADSs at an effective offering price of $1.449 per ADS [1]. Group 1: Transaction Details - The transaction involves the issuance of 761,719 ADSs and warrants, with the combined effective offering price set at $1.449 per ADS [1]. - The private placement warrants will be immediately exercisable, expiring five years from issuance, with an exercise price of $1.449 per share [1]. - The transaction is expected to close on or about October 28, 2024, pending customary closing conditions [1]. Group 2: Regulatory Information - Maxim Group LLC is acting as the exclusive Placement Agent for this offering [2]. - The registered direct offering is made under an effective shelf registration statement previously filed with the SEC, and the offering will be conducted via a prospectus supplement [2]. - The warrants and ADSs are offered in a private placement under Section 4(a)(2) of the Securities Act of 1933 and have not been registered under the Act or applicable state securities laws [2]. Group 3: Company Overview - TuanChe Limited, founded in 2010, is a leading integrated automotive marketplace in China, connecting automotive consumers with industry players such as automakers and dealers [4]. - The company provides automotive marketing and transaction-related services by integrating online platforms with offline sales events, facilitating large-scale collective purchase activities [4]. - TuanChe leverages proprietary data analytics and advanced digital marketing systems to enhance the efficiency and effectiveness of advertising placements for its industry customers [4].

Core Viewpoint - TuanChe Limited reported significant declines in net revenues and gross profit for the first half of 2024, attributed to intensified competition and a challenging macroeconomic environment, while also highlighting improvements in operational efficiency and cost management [3][4]. Financial Performance - Net revenues decreased by 64.9% to RMB32.3 million (US$4.4 million) from RMB92.2 million in the same period of the prior year [4]. - Gross profit fell by 61.7% to RMB22.4 million (US$3.1 million) compared to RMB58.4 million in the same period of the prior year, with a gross margin of 69.2% [6]. - Adjusted net loss attributable to shareholders decreased by 25.9% to RMB27.2 million (US$3.7 million) from RMB36.7 million in the same period of the prior year [10]. Revenue Breakdown - Revenues from offline marketing services decreased by 71.2% to RMB19.9 million (US$2.7 million) due to reduced customer marketing budgets [5]. - Revenues from online marketing services decreased by 70.7% to RMB2.6 million (US$0.4 million), primarily due to fewer live streaming events [5]. - Revenues from other services decreased by 12.7% to RMB9.6 million (US$1.3 million) [5]. Operating Expenses - Total operating expenses decreased by 38.5% to RMB69.8 million (US$9.6 million) from RMB113.6 million in the same period of the prior year [7]. - Selling and marketing expenses decreased by 54.7% to RMB36.5 million (US$5.0 million) [8]. - General and administrative expenses increased by 2.6% to RMB24.3 million (US$3.3 million) [8]. Loss from Operations - Loss from operations decreased by 14.0% to RMB47.5 million (US$6.5 million) from RMB55.2 million in the same period of the prior year [9]. Cash Flow and Balance Sheet - As of June 30, 2024, the company had RMB5.0 million (US$0.7 million) in cash and cash equivalents and RMB4.3 million (US$0.6 million) in restricted cash [11]. - Net cash used in operating activities was RMB11.1 million (US$1.5 million), a significant reduction from RMB52.4 million in the same period of the prior year [11].

Financing and Capital - The company raised approximately US$146.8 million in equity financing since its incorporation in 2012[335]. - In November 2018, the company completed an initial public offering of 2,600,000 ADSs, raising approximately US$15.0 million in net proceeds[342]. - The company raised approximately US$50 million from the issuance of 20,630,925 Series D-2 preferred shares in September 2018[341]. - The company has raised US$13.6 million through a registered direct offering completed on November 25, 2022[343]. Business Strategy and Operations - The company announced plans to expand into the NEV industry in January 2021 and has formed strategic collaborations with YangMing, S-TECH, and IAT for research and development[356]. - The company ceased its referral service for commercial banks in 2022, indicating a strategic shift in its business model[353]. - The company has developed a business model integrating online platforms and offline events to enhance consumer acquisition and data analytics capabilities[354]. - The company has shifted its revenue generation strategy, moving from primarily offline events to a more integrated online and offline approach[492]. Market Performance and Customer Engagement - In 2023, the company facilitated 299 auto shows, resulting in 61,020 automobile sales transactions with a total GMV of approximately RMB9.7 billion (US$1.4 billion)[357]. - The average monthly unique visits to the company's online platform decreased from 3.1 million in 2021 to 1.2 million in 2023[361]. - The company attracted approximately 3.1 million consumers to offline events in 2023, a decrease from 4.0 million in 2022[363]. - The company served over 3,440 industry customers in China as of December 31, 2023, facilitating the sale of 82,364 automobiles with a GMV of approximately RMB13.5 billion (US$1.9 billion)[367]. Revenue and Financial Performance - The company's net revenues were RMB162.4 million (US$22.9 million) in 2023, a decrease from RMB183.2 million in 2022 and RMB357.6 million in 2021[493]. - The net loss for the company in 2023 was RMB83.0 million (US$11.7 million), an improvement compared to RMB166.5 million in 2022[493]. - The adjusted EBITDA for 2023 was RMB(92.5) million (US$(13.0) million), reflecting a decline from RMB(73.4) million in 2022[493]. - The total number of automobile sales transactions facilitated by the company increased to 61,020 in 2023, up from 22,176 in 2022, but down from 104,689 in 2021[496]. Marketing and Sales Activities - The company organized 750 special promotion events in 2023, a significant increase from 90 events in 2022[381]. - The company's offline marketing services revenue primarily comes from auto shows, which generated RMB 111.35 million (68.6% of total net revenues) in 2023[513]. - Online marketing services generated net revenues of RMB23.4 million (US$3.3 million) in 2023, making up 14.4% of total net revenues[517]. - Referral service revenues for the commercial bank dropped to RMB2.6 million (US$0.4 million) in 2023, constituting 1.6% of total net revenues, after ceasing operations in April 2022[516]. Regulatory Compliance and Legal Environment - The company must comply with the Administrative Measures for Automobile Sales, which require auto dealers to submit basic information and sales data to the National Automobile Circulation Information Administration System[410]. - The Internet Advertising Measures, effective May 1, 2023, mandate that internet advertisements must be identifiable and marked as advertisements[412]. - The PRC Data Security Law, effective September 2021, introduces a security review procedure for data activities that may affect national security[418]. - The company is subject to strict regulations regarding the collection and use of personal information, requiring user consent and protection measures[415]. Human Resources and Organizational Structure - The company has a total of 324 full-time employees, with 252 in sales and marketing, 44 in general and administrative, and 28 in research and development as of December 31, 2023[398]. - The company’s sales and marketing team consists of 252 personnel, responsible for organizing and supervising auto shows and marketing activities[386]. Technology and Innovation - The company has utilized big-data technologies to analyze user interests and adjust sales and marketing plans accordingly[365]. - The company utilizes big-data analytics technology to provide precise and targeted industry analysis and projections, helping industry customers understand local market trends[387].

Core Viewpoint - TuanChe Limited has regained compliance with Nasdaq's Minimum Bid Price Requirement after its American depositary shares (ADSs) closed at or above $1.00 for ten consecutive business days [1][2]. Company Overview - TuanChe Limited, founded in 2010, is a leading integrated automotive marketplace in China, connecting automotive consumers with industry players such as automakers and dealers [3]. - The company offers automotive marketing and transaction-related services by integrating online platforms with offline sales events, facilitating large-scale collective purchase activities [3]. - TuanChe leverages proprietary data analytics and advanced digital marketing systems to enhance the efficiency and effectiveness of advertising placements for its industry customers [3].

BEIJING, Jan. 23, 2024 /PRNewswire/ — TuanChe Limited ("TuanChe" or the "Company") (NASDAQ: TC), a leading integrated automotive marketplace in China, today announced that it plans to change the ratio of its American Depositary Shares ("ADSs") to Class A ordinary shares (the "ADS Ratio") from the current ADS Ratio of one (1) ADS to sixteen (16) Class A ordinary shares to a new ADS Ratio of one (1) ADS to two hundred and forty (240) Class A ordinary shares. TuanChe's ADSs will continue to be traded on the Na ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of January 2024 Commission File Number 001-38737 TuanChe Limited (Exact name of registrant as specified in its charter) 9F, Ruihai Building, No. 21 Yangfangdian Road Haidian District Beijing 100038, People's Republic of China (86-10) 6399-8902 (Address of principal executive office) Indicate by check mark w ...