BEIJING (GLOBE NEWSWIRE) — China Bat Group, Inc., an emerging used luxurious car rental service provider headquartered in Beijing, announced that the Company, through its wholly owned subsidiary Beijing Tianxing Kunlun Technology Co., Limited, entered into a strategic cooperation agreement with Liten Group Co., Ltd., a private company specializing in high-end automobile retail and operation of its automobile theme park, Dream Factory.
Pursuant to the Agreement signed on April 10, 2019, both parties agreed to establish a comprehensive long-term strategic partnership in the fields of automobile sourcing channels, automobile finance and car rental.
As part of the Agreement, both parties expect to jointly use their own advantages to provide all-round business support to each other, and jointly promote the upgrade of the high-end car rental industry chain through business cooperation and innovation. The scope of cooperation covers, but is not limited to business communication, technical support, marketing and resource sharing. The Agreement is effective for 2 years.
Jiaxi Gao, CEO and President of China Bat Group, Inc., comments, “We are pleased to partner with the Liten Group in a long-term strategic relationship as we leverage our Batcar brand and digital platform to provide a unique experience for luxurious car rentals. The Liten Group has consistently been on the forefront of trends in the automotive industry as an established award-winning industry player and we believe Liten Group’s trust in us is a testament to our capabilities and an exciting privilege for us.”
China Bat Group is an emerging used luxurious car rental service provider in China. The used luxurious car business is conducted under the brand name “BatCar” by the Company’s VIE entity, Tianxing Kunlun Technology Co. Ltd, from its headquarters in Beijing.
Established in 2002 with headquarters in Wenzhou, China, Liten Group Co., Ltd. is a private company specializing in high-end automobile retail and operation of its automobile theme park, Dream Factory. Liten Group was ranked among the Top 100 auto dealerships in China in 2012 for the first time and was nominated in the Chinese “Auto Circulation 10 billion Dealer Group” in 2017.[the_ad id=”31605″]