Bitauto, Lentuo International are teaming up with Youxinpai (Beijing) Information Technology to create the larger Online-to-Offline platform exclusively focused on high-end pre-owned cars in China. Lentuo will own 60% of the joint venture, with Bitauto and UXIN each holding 20%. The companies expect the joint venture to be officially registered by the end of September 2014 and are targeting to start operations before the end of December 2014.
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- Bitauto, Lentuo International and Youxinpai Information Technology Collaborate on Online-to-Offline Platform for High-End Pre-Owned Car Market in China