BEIJING, Nov. 21,
2024 /PRNewswire/ -- TuanChe Limited ("TuanChe,"
"Company," "we," or "our") (NASDAQ: TC) is pleased to announce that
it has entered into an advisory agreement with Waterside Inc.
("Waterside") to assist TuanChe in identifying
suitable cryptocurrency mining equipment and
related resources. This collaboration marks an important step in
TuanChe's exploration of new business opportunities in the digital
economy.
On November 13, 2024, the price of
Bitcoin surged again, surpassing $90,000 per coin. This latest surge further
highlights the attractiveness of the cryptocurrency
mining industry as a high-return sector. The engagement of
Waterside aligns with TuanChe's strategic plan to diversify its
business operations by venturing into the digital currency space.
Waterside will provide consulting support in this area, including
advice on product design, specifications, electricity pricing, and
hosting service rates.
This initiative represents TuanChe's initial step into
diversifying its business portfolio. By entering the
cryptocurrency mining sector, the Company aims to lay
a foundation for future growth while delivering greater value to
its shareholders.
TuanChe plans to provide regular updates to its shareholders
regarding the progress of this initiative.
About TuanChe Limited
Founded in 2010, TuanChe Limited (NASDAQ: TC) is
China's leading automotive
marketplace platform. TuanChe is dedicated to connecting automotive
consumers with manufacturers, dealers, and service providers. By
integrating its digital platforms with offline sales events,
TuanChe offers comprehensive automotive marketing and transaction
services. Through its integrated marketing strategies, TuanChe
transforms individual and independent car purchases into
large-scale group buying experiences, using an interactive
many-to-many model.
Safe Harbor Statement
This announcement contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements include,
without limitation, the Company's business plans and development,
business outlook, which can be identified by terminology such as
"may," "will," "expect," "anticipate," "aim," "estimate," "intend,"
"plan," "believe," "potential," "continue," "is/are likely to" or
other similar expressions. Such statements are based upon
management's current expectations and current market and operating
conditions, and relate to events that involve known or unknown
risks, uncertainties and other factors, all of which are difficult
to predict and many of which are beyond the Company's control.
Further information regarding these and other risks, uncertainties
or factors is included in the Company's filings with the U.S.
Securities and Exchange Commission. The Company does not undertake
any obligation to update any forward-looking statement as a result
of new information, future events or otherwise, except as required
under law.
For investor and media inquiries, please contact:
TuanChe Limited
Investor Relations
Tel: +86 (10) 6397-6232
Email: ir@tuanche.com
Piacente Financial Communications
Brandi Piacente
Tel: +1 (212) 481-2050
Email: tuanche@tpg-ir.com
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SOURCE TuanChe Limited