Souche officially listed on Nasdaq: the first US IPO by a Chinese company this year.

ME AI News — June 25, 2026 (Beijing Time): DSCHoldingsLtd. (referred to below as “Dasouche” or the “Company,” Nasdaq code: “DSC”) officially began trading on the Nasdaq Global Market in the United States, becoming the first Chinese company to list in the U.S. in 2026. The Company issued 3,000,000 American Depositary Shares (ADS) at an offering price of $17.00 per ADS, for a total offering size of approximately $51 million (excluding the over-allotment option). The Company also granted the underwriters a 30-day over-allotment option, which allows them to purchase up to an additional 450,000 ADS at the offering price.

The proceeds from this fundraise will be used as follows: 60% to strengthen digital solutions and expand transaction services for auto dealers, 20% for additional investment in artificial intelligence technology capabilities, and the remainder for general corporate purposes and working capital.

According to the F-1/A prospectus filed by the Company with the U.S. Securities and Exchange Commission (SEC), Dasouche is positioned as the “AI application infrastructure for China’s used car industry.” The Company promotes the China’s used car industry moving from offline to online, upgrading from standalone operations to coordinated collaboration, and shifting from manual processes to AI-enabled empowerment through digital systems, AI agents, and integrated transaction services. (Source: Ifnar)