Bitauto Holdings Limited (NYSE:BITA) recently announced that one of its subsidiaries, namely, Yixin Group Limited has completed a global offering of its shares. The net proceeds will be used for implementing Yixin's sales and marketing initiatives, further enhancing Yixin's research and technology capabilities, strengthening Yixin's capital resources to support the ongoing growth of its self-operated financing business, selectively pursuing acquisitions of or investments in assets and businesses which are complementary to Yixin's business, as well as for working capital and other general corporate purposes.