ENGLISH
|
JAPANESE
|
CONNECT WITH US:
Home
About
Contact
Log in
*
Home
Press release
Aug 19, 2014 21:10 JST
Source:
China Yongda Automobiles Services Holdings Limited
Yongda Auto Forms Strategic Internet Collaboration with Bitauto and UXIN
HONG KONG, Aug 19, 2014 - (ACN Newswire) - China Yongda Automobiles Services Holdings Limited ("Yongda Auto" or the "Company" and, together with its subsidiaries, the "Group", stock code: 03669.HK), a leading passenger vehicle retailer and comprehensive service provider in China, is pleased to announce that it has signed the internet strategic cooperative agreement with Bitauto Holdings Limited ("Bitauto") (NYSE: BITA) and Youxin Internet (Beijing) Information Technology Co., Ltd. ("UXIN"). Mr. CHEUNG Tak On, Chairman of the board and CEO of China Yongda Automobiles Services Holdings Limited, Mr. LI Bin, Chairman and CEO of Bitauto and Mr. DAI Kun, Chairman and CEO of UXIN officially signed the agreement during the signing ceremony.
Yongda Auto Forms Strategic Internet Collaboration with Bitauto and UXIN
Yongda Auto is a leading passenger vehicle retailer group in China focused on luxury and ultra-luxury brands, and has pioneered to form a complete auto service chain of "learning, purchasing, selling, renting, maintaining and inspecting" of the car. The Company has been one of the largest auto brand retailer groups in China with the most number of brands agented, most comprehensive service provided and largest retail network; As the largest automobile internet company, Bitauto provides professional and rich internet content services to the mass of automobile users and has strong user influence on automobile online sales and marketing; UXIN is the leading auction service provider for used cars in China with the advanced customer service organism and auction management system, providing services to the automobile retailers, manufactures, 4S stores and other clients.
The joint venture between Bitauto, UXIN and the company symbolizes the combination of Internet and traditional sales and it will facilitate smooth transition in new car sales, after-sales service, car rental and financing online. Yongda Auto will build an e-commerce platform for new car sales and after-sales service and 4S stores can serve as experience stores and showrooms. Furthermore, a new interactive car rental system will be developed with the combination of online and offline resources. Projects of pre-paid card and customer points management will be initiated and payments and credits will be managed as part of the financial services. Meanwhile, actively creation of "Internet + car + finance" business model, and gradually forming a set of big data, cloud computing, electronic business platform and mobile Internet will be the Company's key strategies.
Bitauto, UXIN and the company together inject RMB 50 million to establish a joint venture company. By creating online trading platform and combining with real showcases, these three parties will co-operate to give full play to the advantages of their respective areas of expertise and resource sharing to be a professional chained second-hand car trading service supplier in China. It is believed that the establishment of the joint venture company will build significant O2O e-commerce platform and play an active role in the development of online automotive industry.
Source: China Yongda Automobiles Services Holdings Limited
Sectors: Daily Finance, Automotive, Daily News
Copyright ©2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
Latest Release
JCB enables JCB Contactless acceptance at Taichung MRT in Taiwan
Apr 26, 2024 10:00 JST
Mazda Production and Sales Results for March 2024 and for April 2023 through March 2024
Apr 25, 2024 18:21 JST
MHI Begins Operation of SOEC Test Module the Next-Generation High-Efficiency Hydrogen Production Technology at Takasago Hydrogen Park
Apr 25, 2024 17:45 JST
GAC Honda to Begin Sales of All-new e:NP2, the Second Model of e:N Series
Apr 25, 2024 16:50 JST
Toyota Exhibiting at Beijing Motor Show 2024
Apr 25, 2024 16:25 JST
Honda Reaches Basic Agreement with Asahi Kasei on Collaboration for Production of Battery Separators for Automotive Batteries in Canada
Apr 25, 2024 11:10 JST
UNIQLO Sponsors KAWS + Warhol Exhibition Tour, Starting in Pittsburgh
Apr 25, 2024 09:00 JST
Mitsubishi Power Begins Commercial Operation of Seventh M701JAC Gas Turbine in Thailand GTCC Project; Achieves 75,000 AOH To-Date
Apr 24, 2024 17:19 JST
MC and Denka Sign J/V Agreement in Fullerene Business
Apr 24, 2024 17:02 JST
Mitsubishi Motors Posts Record Sales in the Philippines in FY2023
Apr 24, 2024 13:56 JST
NEC Develops High-speed Generative AI Large Language Models (LLM) with World-class Performance
Apr 24, 2024 13:25 JST
Fujitsu SX Survey reveals key success factors for sustainability
Apr 23, 2024 10:25 JST
Fujitsu and METRON collaborate to drive ESG success: slashing energy costs, boosting productivity with new manufacturing industry solutions
Apr 22, 2024 16:09 JST
NEC Strengthens Commitment to Space Industry with Investment in Seraphim Space Venture Fund II
Apr 22, 2024 15:09 JST
Soft Space Launches the First and Only JCB Payment Gateway in Malaysia
Apr 22, 2024 15:00 JST
TOYOTA GAZOO Racing takes a one-two in Croatian thriller
Apr 22, 2024 10:47 JST
First-ever Mazda CX-80 Crossover SUV Unveiled in Europe
Apr 19, 2024 13:50 JST
Fujitsu develops technology to convert corporate digital identity credentials, enabling participation of non-European companies in European data spaces
Apr 19, 2024 10:17 JST
Mitsubishi Heavy Industries and NGK to Jointly Develop Hydrogen Purification System from Ammonia Cracking Gas
Apr 18, 2024 17:01 JST
Toyota Launches All-New Land Cruiser "250" Series in Japan
Apr 18, 2024 13:39 JST
More Latest Release >>
Related Release
Yongda Auto Signs Strategic Cooperation Agreement with Samsung Group
February 22 2016 18:26 JST
Yongda Auto Garners "Outstanding Listed Company Award 2015"
November 13 2015 16:40 JST
Yongda Auto Announces 2015 Interim Results
August 28 2015 19:00 JST
Yongda Auto Signs Strategic Cooperation Agreement with Uber
March 19 2015 19:10 JST
Yongda Auto 2014 Interim Results Recorded Steady Growth
September 01 2014 15:10 JST
Yongda Auto Plans to Issue RMB 1.0 billion Convertible Bonds
June 26 2014 19:45 JST
Yongda Bentley Store Officially Commences Operation
May 10 2013 15:40 JST
Haitong International: Continued Recovery of Auto Dealer Sector Maintains "Buy" rating for Yongda Auto (3669.HK)
April 26 2013 18:00 JST
Macquarie Maintained Outperform Rating for Yongda Auto (3669) with Target Price of HK$9.80
April 24 2013 19:20 JST
More Press release >>