(Updated - June 8, 2026 2:06 PM EDT)
DSC Holdings has filed for a proposed initial public offering on the Nasdaq, positioning its business as a digital and AI-enabled backbone for used-car commerce in China.
In the filing the company frames its mission as a transformation of used-car workflows through three core shifts - from offline to online, from isolated to coordinated, and from manual to AI-empowered - with an explicit aim of improving resource allocation across the industry. It states: "Our mission is to transform used car commerce through digitalization, AI applications and integrated transaction services. We are dedicated to advancing used car dealers’ workflows from offline to online, from isolated to coordinated, and from manual to AI-empowered, thereby optimizing resource allocation across the industry."
DSC characterizes itself as "the AI application infrastructure for China’s used car industry," asserting that it has held "over 90% market share in operating systems for China’s used car dealers since at least 2021, according to CIC." The company says it builds on this digital foundation to provide transaction services that support dealers across their business workflows.
Beyond its core dealer base, DSC notes relationships with other types of auto merchants - including OEMs, authorized dealers and new car brokers - and says its services also engage third-party collaborators such as inspectors, transporters and other internet platforms. The filing describes this arrangement as an ecosystem with used-car dealers at the center and says the company is "mission critical" to dealers' operations: "Our unwavering focus on used car dealers’ success underpins everything we do and has made us mission critical to their business."
DSC named Deutsche Bank, CICC, CR Global Markets and ICBC International as the underwriters for the offering.
This IPO filing presents DSC as a software and services provider that combines digital operating systems with transaction services and AI applications targeted at the used-car segment. The company's description emphasizes concentrated focus on dealers and an ecosystem approach that extends to other auto-market participants and service providers.
As the listing process progresses, market participants will receive further details about the offering structure, financials and timing from the company and its underwriters.