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Stock Market & Financial Investment News

News Breaks
March 3, 2014
06:57 EDTLAS, SOHULentuo International enters partnership with Sohu Auto
Lentuo International (LAS) announced that it has signed an agreement with Sohu Auto, a business unit of Sohu.com (SOHU), to create a fully integrated online-to-offline platform for pre-owned cars in China. Sohu Auto will act as online marketing partner for this platform. The platform will expand Lentuo's ability to reach a larger group of car buyers and allow it to meet the demand from younger Chinese who increasingly shop for cars on the internet. Under the terms of the agreement, Lentuo will act as the exclusive after-sales service provider for pre-owned cars certified by Sohu as long as Lentuo meets Sohu's standards. On the physical side of the platform, Lentuo announced on February 18 that it will convert an existing new car showroom in South Beijing into an integrated pre-owned flagship store for mid-to-high end cars. The online side of the platform will leverage Sohu Auto's technological knowledge and IT resources to enhance the O2O platform and build big data analytical tools. The two parties plan to expand the platform to the rest of the country in the future.
News For LAS;SOHU From The Last 14 Days
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August 28, 2014
06:07 EDTLASLentuo International, Bitauto and UXIN launch used car platform in China
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August 15, 2014
06:04 EDTLASBitAuto and Lentuo International estabalish joint venture with UXIN
Bitauto (BITA) announced that it has entered into an agreement to establish a joint venture with Lentuo International (LAS) and Youxinpai (Beijing) Information Technology, a professional auto auction service provider in China. The JV will integrate the companies' nationwide resources into an online-to-offline platform focused on high-end used cars in China. The joint venture, which will originally be centered on Beijing and gradually expand to other cities, will integrate the resources of each partner to build the largest 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%.

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