Mitsubishi to acquire 20 % stake in Wenhua Holding Limited.

Mitsubishi Corp. invested $4m in the Russian online car sales service "Autospot". For Mitsubishi Corp. This is the first investment in car-related Internet services in Russia. Wenhua Holding Limited is the holding company of the online automotive information and communications platform "Autospot", which rices and discounts from official dealers - more than 30,000 cars of 33 brands. The Autospot business is operationally profitable, but there is no net profit yet, they want to increase sales by 10 times by mid-2021 compared to the first half of 2018, i.e., to get 5% of the market. Online sales of new cars are a promising story. Autospot is interesting to the market, as it aggregates information about the offers of different dealers.