New York, June 26th, 2026 —— CIC extends our warmest congratulations to DSC Holdings Ltd. (NASDAQ: DSC) on its successful listing on the Nasdaq Global Market today.
CIC's Collaborative Journey to the Listing
Throughout the listing process, CIC provided end-to-end support to the company and its sponsors:
Drafted and compiled the industry overview chapter of the prospectus, laying a solid research foundation for the formal listing application.
Assisted in responding to inquiries from regulatory authorities, ensuring comprehensive and accurate disclosure.
Refined listing application materials continuously to meet stringent market and regulatory requirements.
DSC Holdings: Digital & AI Infrastructure Backbone for China’s Auto Trade
Founded in 2013, DSC Holdings is a leading digital infrastructure and AI application platform serving used and new car dealers across China. Deeply embedded in the daily operational scenarios of auto retailers, the company is driving the industry’s structural shift: from offline to digital workflows, from isolated single-store operations to interconnected ecosystem collaboration, and from experience-driven manual decision-making to AI-empowered intelligent operations.
Its flagship digital product Dafengche has become a pervasive industry operating system, integrated into core dealer workflows spanning customer acquisition, inventory management, vehicle sourcing and matching, dynamic pricing, sales execution and operational analytics. Building on its core software foundation, DSC Holdings has expanded into a full-stack transaction services portfolio, including deal matching, independent inspection and certification, end-to-end vehicle delivery, and auto finance referral. Purpose-built AI agents are deployed across high-value operational links — vehicle sourcing, procurement decision-making, pricing optimization and sales conversion — to systematically lift transaction efficiency across the sector.
DSC Holdings: Market Position (According to CIC Reports)
Sustained market share of over 90% in China’s used car dealer operating system market since 2021.
China’s largest new vehicle delivery service provider by 2025 revenue, with leading digital penetration among new car dealer networks.
China’s New & Used Auto Transaction Services Market Outlook
Driven by an expanding national vehicle parc, improving used car circulation efficiency and rising demand for dealer digital transformation, China’s auto transaction services market maintains robust, long-term growth momentum. As used car transactions become increasingly online, cross-regional and service-oriented, dealer demand for integrated solutions spanning inventory management, transaction matching, inspection, logistics, finance and marketing continues to climb. China’s used car transaction services market grew from RMB 101.3 billion in 2020 to RMB 183.7 billion in 2025. According to CIC reports, the market will expand at a CAGR of 12.9% to reach RMB 336.8 billion by 2030. AI adoption is unlocking sizable incremental commercial value in the segment. Measured by revenue from AI-enabled transaction services, the addressable market for used car AI solutions reached RMB 28.2 billion in 2025. Measured by operational costs in procurement and sales that can be automated by AI agents, the total addressable efficiency opportunity stood at RMB 23.9 billion in 2025.
Meanwhile, fueled by surging new energy vehicle (NEV) penetration and the deepening of automaker direct-to-consumer (DTC) sales models, demand for digital distribution solutions in the new car segment continues to accelerate. China’s new car transaction services market expanded from RMB 391.3 billion in 2020 to RMB 763.3 billion in 2025, registering a 14.3% CAGR, and is forecast to reach RMB 1,176 billion by 2030.
K Growth Drivers & Trends of automotive technology Industry
1. Expanding vehicle parc and maturing fleet age underpin used car circulation
China hosts the world’s largest vehicle fleet, with steadily rising average vehicle age bringing more units into the used car circulation chain. Growing replacement demand, expanding vehicle supply and increasingly complex cross-regional trade create durable demand for digital dealer management, cross-market transaction matching, inventory turnover optimization and end-to-end fulfillment services.
2. Regulatory liberalization lifts cross-regional transaction efficiency
Policy reforms including reduced used car value-added tax, phased removal of inter-provincial relocation restrictions, and streamlined registration and invoicing procedures have lowered transaction costs and compliance burdens for dealers. As trading radii widen, the industry’s reliance on digital tools and integrated service ecosystems for vehicle matching, inspection, title transfer, logistics delivery and fund settlement continues to deepen.
3. Fragmented dealer landscape makes digitization an operational imperative
China’s used car market features a large base of small-scale dealers, scattered vehicle supply, volatile demand and labor-intensive offline processes, resulting in persistent information asymmetry, low operational efficiency and high coordination costs. End-to-end digital solutions digitize core workflows from procurement and inventory to sales, finance and internal management, while connecting dealers with inspection providers, logistics carriers, financial institutions and trading platforms to improve inventory turnover and strengthen consumer trust.
4. AI agents and DTC models expand digital service boundaries
Vertical AI agents are evolving from informational support tools to core transaction execution systems, delivering measurable efficiency gains in high-value functions including vehicle matching, pricing recommendations, procurement decisions, sales conversion and fulfillment coordination. For used car dealers, procurement and sales are high-cost, data-intensive links, giving industry-specific AI agents strong commercial viability in real-world scenarios. In parallel, NEV adoption and DTC models enable automakers to reach consumers directly, elevating the channel value of local new car brokers in lower-tier cities and driving sustained growth in demand for digital customer acquisition, lifecycle operation, delivery coordination and after-sales service solutions.
As a seasoned Industry Consultant, CIC offers services such as market sizing, competitive analysis, and enterprise value verification, with global experience in advising "first-in-sector" IPOs in the automotive technology sector.
From IPO preparation to listing hearings, CIC unearths the true intrinsic value of enterprises and translates it into actionable insights for successful capital market landing. Prior to DSC Holdings, CIC has supported leading enterprises in successful listings both domestically and overseas, including Li Auto, Horizon Robotics.
CIC Reports are now available on Bloomberg and FactSet portals.
About CIC
CIC is a professional consulting firm offering tailored end-to-end support across the full investment and financing lifecycle. The firm boasts a world-leading track record in guiding landmark first-in-sector IPOs across global markets, alongside unrivaled reach and in-depth coverage capabilities across specialized niche market segments.
CIC helps enterprises refine scalable business models and craft compelling capital narratives to enable seamless access to global capital markets, while serving as a trusted due diligence partner to investment institutions. It delivers granular industry insights and direct access to subject matter experts, empowering clients to identify high-value opportunities and mitigate critical risks effectively.
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