UPDATE 2-China's DSC reveals fall in 2025 revenue in US IPO filing

[출처/시간] Reuters - 4:35 PM ET, 05/26/2026

(Adds details in paragraphs 1,3,4; background in paragraphs 2,5,6)

May ?26 (Reuters) - China's DSC on Tuesday disclosed ?a near 29% fall in 2025 revenue, ?as the software maker filed for a U.S. initial public offering after securing a rare regulatory clearance.

Heightened geopolitical tensions between Washington and Beijing have made it increasingly difficult for Chinese companies to pursue U.S. listings in recent years.

DSC reported revenue of 677.1 million yuan ($99.78 million) for the year ended December 31, compared with 948.2 million yuan in 2024. Its ?net loss narrowed to 94.6 million yuan, from 157.1 million ?yuan ?a year earlier.

The company plans to use the ?proceeds from the offering to enhance its digital products and expand transaction services for auto merchants, invest in technology, and for ?general corporate purposes ?and working capital.

DSC won a rare regulatory ?approval for a Nasdaq listing, Reuters reported in April.

Founded ?in 2012 by Junhong Yao, DSC is backed ?by ?Primavera, making the approval a positive signal ?for select China-linked issuers seeking U.S. listings.

DSC provides operating ?systems for used-car dealers in China, as well as offers software and transaction services to dealers and other automotive ?merchants. Its platform ?was used by more than 228,000 ?active users in 2025.

Deutsche Bank, CICC and CR Global Markets ?are among the underwriters for the offering. ($1 = 6.7860 Chinese yuan renminbi) (Reporting by Prakhar ?Srivastava in Bengaluru; ?Editing by Shilpi Majumdar)