BEIJING, Aug. 18, 2014 / PRNewswire / - BitAuto Holdings Limited ("BitAuto" or the "Company") BITA, + 4.06% a leading provider of Internet content and marketing services for the automotive industry in rapid growth in China, today announced it signed an agreement for a joint venture ("JV") company with China Yong Da has reached Automobile Services Holdings Limited ( "Yong Da Group"), a leading dealership group in China, and Youxinpai (Beijing) Information Technology Co., Ltd. ("Uxin"), a provider of marketing services of the leading auction for used cars in China professional electronics.
By partnering with Yong Da Group and Uxin, owner of the website BitAuto cars, taoche.com will benefit from an extensive inventory of used cars for sale. The passenger car market in China has enormous growth potential remains unattended long term. The joint venture will ultimately help better market, a greater number of car buyers offer throughout China to serve, have direct access to the real, transparent and comprehensive information on used cars.
"BitAuto pleased with Da Yong Uxin group work," Mr. William Li Bin, President and CEO of BitAuto said. "We continue to execute our long-term strategy for used cars. This new collaboration our position as the propagation and strengthening our existing competitive advantage in the industry of China, cars. Us to provide our clients with information car are more opportunities through our broad taoche.com and confident that to achieve this, that the landfill used ads in China "cars is maintained.
President Mr. Zhang Yong Da De'an group commented. "Like most car dealer network, we have access to a large amount of information for the used cars we are thrilled to share this with Uxin BitAuto, and we plan to leverage resources and expertise., We are confident that our with the activities of more effective marketing and advertising of our inventory to a wider range of potential customers vehicles to offer the partnership dealerships. "
Chris Dai Kun, President and CEO of Uxin added: "We are very pleased to partner with BitAuto and Yong Da Group through the joint venture, we hope in our online auction platform and technology first take several car dealerships .. The trend in online to offline sales of used cars is growing rapidly., we are confident that this new partnership can really facilitate the development of online used car market in China. "
About BitAuto Holdings Limited
BitAuto Holdings Limited BITA, + 4.06% is a leading provider of Internet content and marketing services for the automotive industry in rapid growth in China. BitAuto manages its business in four segments: bitauto.com campaigning activity taoche.com EP-platform, digital and marketing solutions company.
Bitauto.com advertising the business of the Company provides manufacturers and distributors of a range of advertising services through its bitauto.com website, consumers with new price offers updates automotive and promoting specifications, reviews and consumer feedback. EP business platform company offers integrated digital marketing and Customer Relationship Management (CRM) of the China Car Dealers in Web-based applications management. The platform enables customers to dealers to create their own information online showrooms, price list and promotion, provide contact information for the dealer, placing ads, and manage customer relationships in order to effectively help their cars to the consumer market. Taoche.com company offers business offer services for used car dealers will allow them to inventory information in the automobile taoche.com website and partner sites used to see. The company provides advertising services to dealers and automotive manufacturers with your website programs CAR taoche.com Car Used Certified. Digital Marketing Solutions Company Car company offers unique digital marketing solutions, including the creation and maintenance of websites, online public relations, online marketing campaigns and advertising.
For more information, please visit ir.bitauto.com.
About Yongda Auto Services Holdings Limited
As one of the leading dealers of motor vehicles and full-service provider in China Yongda Auto has introduced many traders 4S, integrating sales, parts and service through China. Focus on luxury and ultra-luxury car brands, namely BMW, MINI, Audi, Bentley, Porsche, Jaguar, Land Rover, Infiniti, Cadillac, Volvo, Buick, Chevrolet, Volkswagen, Toyota, Honda and Nissan, etc. The company is committed to its customers a full range of services for cars through our approach of "one stop shop" related, including sales and after-sales obliged Car service, spare parts, repairs, maintenance and decor and a wide range of in framework of second-hand cars, car insurance and vehicle inspection services offered.
About Youxinpai (Beijing) Information Technology Co., Ltd.
Uxin is a leading marketing services company for electronic auctions for used cars supplier in China. The flagship product of the company "Youxinpai.com" is an online auction platform provides one-stop service, including online auctions, appraisals of vehicles with safe payment, customer service and long-distance logistical support. The platform provides online sales service used car auction effective for authorized car dealers, used car dealers and car owners.
Uxin is the first to establish a national system to extend "live auction" in the domestic market, with over 300,000 square meters of treatment used six main export markets for cars that are in Beijing, Shanghai, Chengdu, Tianjin, Hangzhou and Guangzhou, created all service used car auction house computerization and standardization -Round transaction, including sales showroom with car auction house auction house fee, transfer procedures and centralized delivery automatically. Uxin services to more than 10,000 business customers cars in the nation, combined auction and online auction offer event, the buyer Uxin covered 365 cities in China.
Safe Harbor Statement
This press release contains forward-looking statements. These statements are made under the "Safe Harbor" Reform Act Securities Litigation 1995 made private statements about the future of the United States may by terminology such as "will," "expects," "assumes," be identified, "future", "intends" , "plans," "believes," "estimates," "confident" and similar statements. Forward-looking statements involve risks and uncertainties. BitAuto assumes no obligation to update forward-looking statements because of new information, future events or otherwise, except as required by law update. All information in this press release speaks as of the date of this press release and BitAuto assumes no obligation to update such information, except as required by law.
Inquiries from investors and the media, please contact:
From China
IR department
BitAuto Holdings Limited
Tel: + 86-10-6849-2145
ir@bitauto.com
Rachael Layfield
Brunswick Group LLP
Tel: + 86-10-5960-8600
bitauto@brunswickgroup.com
New York
Cindy Zheng
Brunswick Group LLP
Tel: +1 (415) 671 7676
bitauto@brunswickgroup.com
SOURCE BitAuto Holdings Limited
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