Cash in Q1-2015 was As of March 31, 2015, the Company had cash and cash equivalents and time deposits of US$936.7 million
Cash in Q2-2015 was As of June 30, 2015, the Company had cash and cash equivalents, time deposits and restricted cash of US$827.3 million
A decrease of $100M in cash ?
even with that said, $830M/60M = $20 / cash per share
and now it is $30.64 which is $1.8B Market cap
Sales 2015 = 115 + 161 + 161 + 161 = $600M
$600M x 6times = $3.6Billion Market cap which gives as share value of $60
Also on Monday, Daniel S. Och’s Oz Management disclosed a new position, with 3,305,552 Ordinary shares, in Bitauto Hldg Ltd (ADR) (NYSE:BITA). The stake, worth almost $140 million at the current valuation, accounts for 5.22 percent of the company’s shares outstanding.
This bet makes of OZ Management the second-largest institutional investor in the Chinese company, only trailing Tiger Global Management, which last disclosed holding 5,922,953 shares.
One explanation for the drop is buyout coming soon for BITA don't know at what price but looking at industry standard a conservative of $4 Billion is likely.