DSC Holdings Files for Nasdaq Listing as AI Infrastructure Provider for China's Used Car Industry

May 28, 2026
DSC Holdings has filed a registration statement with the U.S. SEC for a proposed Nasdaq listing. The company, which provides AI infrastructure for China's used car industry, reported narrowing losses and a revenue decline due to a business divestiture.

DSC Holdings has filed a registration statement with the U.S. Securities and Exchange Commission for a proposed listing on Nasdaq, announced in a press release. The offering will be underwritten by Deutsche Bank, China International Capital Corporation, China Renaissance Holdings, and Industrial and Commercial Bank of China.

The company provides AI application infrastructure for China's used car industry through an operating system used by over 90 percent of the country's used car dealers. Its platform integrates transaction services within dealer workflows to support decision making and execution, aiming to increase digital collaboration across the sector.

Between 2023 and 2025, DSC reported revenue of RMB 909 million, RMB 948 million, and RMB 677 million, respectively. The decline in 2025 revenue was attributed to the divestiture of its B2B financial product referral business. Net losses narrowed over the same period, from RMB 187 million in 2023 to RMB 94.6 million in 2025.

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