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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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October 21, 2014
08:07 EDTSOHURenren rumored to plan sale of video platform to Sohu, Marbridge Daily says
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October 17, 2014
10:16 EDTSOHUHigh option volume stocks
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October 14, 2014
07:04 EDTLASLentuo International announces update on dealership with BMW
Lentuo International announced that its BMW dealership in Gaobeidian, Hebei Province has been officially registered with the Gaobeidian Administration for Industry and Commerce. This will be the first premium dealership in Gaobeidian, allowing customers to purchase premium cars, and get them serviced, in Gaobeidian rather than travel to surrounding cities such as Baoding, Beijing and Shijiazhuang as they previously had to. The dealership, which should officially open during the Q3 of 2015, is expected to sell 250 new premium cars and contribute about RMB125M in revenue in 2015. The Company believes that the dealership will break-even by the end of 2015. Once stabilized, the dealership is expected to sell about 900 new premium cars and contribute over RMB400M in revenue annually.

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