$DSC DD — 90% China used car monopoly, Ant Group YOLO’d $30M into the IPO, one guy controls 85.4% of the votes. I read the F-1.

AI SUMMARY — DSC controls ~90% of China's used car e-commerce market with major backing from Ant Group ($30M investment in IPO), but faces significant governance risk with founder holding 85.4% voting control. Key risks include regulatory changes in China, dependence on single market, concentration of power, and potential delisting threats.