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August 18, 2014
06:12 EDTBITABitAuto announces JV with Yong Da Group, UXIN
Bitauto Holdings announced that it has entered into an agreement to establish a joint venture, or JV, company, with China Yong Da Automobiles Services Holdings, one of China's leading automotive dealership groups, and Youxinpai Information Technology, or UXIN, a professional electronic auction service provider for used cars in China. By partnering with Yong Da Group and UXIN, Bitauto's proprietary used car website, taoche.com, will benefit from an expanded inventory of available-for-sale used cars. China's used car market has huge, long-term growth potential yet remains under-served. The joint venture will ultimately help better serve the market by ensuring greater numbers of car buyers across China, have easy access to authentic, transparent and comprehensive used cars information.
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