Token Cat (ADR) (TC)
China automotive marketplace combining auto shows, dealer marketing, and lead-management tools.
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Connects Chinese vehicle buyers with automakers and dealers through auto shows, promotional events, digital marketing, lead management, and dealer software, earning fees from automotive-industry customers. The last verified operating model combines online acquisition with offline transaction facilitation.
Connects Chinese vehicle buyers with automakers and dealers through offline auto shows, dealer-specific promotions, digital marketing, lead management, and transaction-facilitation services. Combines online consumer acquisition and data analysis with in-person events, while dealer software adds customer-relationship management, analytics, and social-media marketing workflows.
Generates service fees principally from automotive-industry customers rather than consumers. The last verified operations were concentrated in China, including lower-tier cities where automaker and dealer reach was historically less direct.
Detailed operating disclosures available for review predate the Token Cat rename, so the automotive marketplace is the last verified operating model. The Cayman Islands holding company depends on contractual arrangements with PRC operating entities.
Company facts
Categories
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Dec 31, 2025Cash & short-term investments $145.3K · Total debt $924.6K · Total assets $25.7M · Shareholders' equity $19.7M
- Revenue
- $1.5M
- Operating income
- −$3.0M
- Net income
- −$50.2K
Reported in CNY, converted at the latest exchange rate
No dividends on record.
| Institutions4 holders · as of Mar 31, 2026 | 0.81% | 23.4K ADS | |
| Otherremainder | 99.19% | 2.89M ADS |
2.91M ADS as of Aug 21, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing
The share count is from the company's Dec 2022 annual report; nothing newer is on file here.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Sabby Management, LLCInstitution | 0.80% | 23,239 A ADS | 13Fas of Mar 31, 2026 |
UBS Group AGInstitution | 0.01% | 148 A ADS | 13Fas of Mar 31, 2026 |
Wells Fargo & Company/MNInstitution | 0.00% | 50 A ADS | 13Fas of Mar 31, 2026 |
Morgan StanleyInstitution | 0.00% | 1 A ADS | 13Fas of Mar 31, 2026 |
13F — a manager's quarterly holdings
Insider tradesForm 4
Nothing filed in the last 12 months.
- Autohome (ADR)
Closest nationwide rival in auto research, ads, leads, and dealer tools.
ComparePre-market
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Token Cat (ADR) | $2.02 | +0.50% | $5.9M | — | — | 2.0 | +14.7% |
| Autohome (ADR) | $21.92 | −0.81% | $634.7M | 6.0 | 107.3 | 0.8 | −28.1% |
| Median | 6.0 | 107.3 | 0.8 | −28.1% |



