GraceFinance · Source-backed public company research
Token Cat Ltd (TC)
Nasdaq · Services · Services-Business Services, NEC
Core research established · 4/4 core data layers currently established
What Token Cat Ltd does
A. History and development of the company We are an exempted company with limited liability incorporated in the Cayman Islands. We commenced our automobile group-purchase facilitation business in 2010. We began our auto show business in the fourth quarter of 2016, and we expanded our auto shows to tier-3 and below cities in 2017. We no longer operate this business segment, and it constitutes discontinued operations. In the last quarter of 2025, we disposed of substantially all of our legacy business segments in a series of transactions that closed in October 2025. As of the date of this Annual Report, we operate only an automobile electronics resale business that we launched in the last quarter of 2025. This business segment focuses on delivering specified automotive electronic components to customers at negotiated prices.
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