SUZHOU, China, May 2, 2018 /PRNewswire/ — China Bartering Credit Inc. (CCCR) (the “Company”), a Chinese cyberbanking casework firm, appear that it will barrage affluence car rental business. BATCar, the affluence car rental business, aims to become China’s arch high-end car rental platform, accouterment aerial affection advancement and business casework to the country’s high-net account consumers. The Aggregation intends to assignment out adjustable rental solutions via BATCar to amuse assorted demands such as self-driving, chauffeuring and appropriate events. CCCR affairs to accession US$3 actor to accounts agent purchases and accepted operation of BATCar. As of today, the Aggregation has accustomed over US$1 actor of cable from investors.
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The Aggregation has appointed Mr. Zhe Ding as Chief Operation Officer and called Mr. Jin Ding Chief Artefact Officer for BATCar. The Aggregation intends to alpha the BATCar operations in the additional bisected of 2018.
Demand for car rental in China has developed rapidly, apprenticed by ascent domiciliary income, accretion amplification of tourism and biking industry, and fast-developing adaptable Internet technology. According to latest estimates by iResearch Consulting Group, a able bazaar analysis and consulting aggregation focused on China’s Internet industry, China’s car rental bazaar will column a acquirement of 78.3 billion yuan (US$12.5 billion) in 2018, apery a 15% year-over-year increase, and acquirement in the bazaar will acceleration to 89.9 billion yuan in 2019.
Meanwhile, China’s affluence car rental bazaar is in its beginning stage, falling abbreviate of growing appeal from the country’s accelerated amplification of the average class. Currently, affluence car rentals are targeted mainly at companies that charge to accouter their chief admiral with exceptional vehicles. Due to geographic banned and austere requirements, acceptable affluence car rental companies can’t abundantly accommodated assorted appeal from alone consumers.
As COO, Zhe Ding will baby-sit the circadian operations of BATCar, authoritative abounding use of his acquaintance and assets in the Internet and automotive aftermarket industries to advice the aggregation tap new growth. Zhe Ding already was co-founder and Coo of a China’s arch web-based car rental platform, area Ding served as COO. Zhe Ding has affluent acquaintance in Internet, media and automotive industries from his antecedent roles.
Jin Ding will baby-sit artefact development of BATCar. Jin Ding abutting CCCR from Alibaba Group, area he served as a artefact specialist for a amount business assemblage of Alibaba, which has added than 430 actor users world-wide. Jin Ding has abounding acquaintance in Content achievement and belvedere architecture in the acreage of advice service.
Chenguang Kang, CEO of CCCR, said: “BATCar is analytical to the success of the Aggregation as we are in the action of cardinal transformation. I’m actual aflame to accept Zhe Ding and Jin Ding abutting us. By amalgam CCCR’s backbone in the cyberbanking account area with China’s booming car rental market, the aggregation hopes to acquisition a fresh, solid antecedent of acquirement to account our shareholders.”
About China Bartering Credit
China Bartering Credit, founded in 2008, provides business loans and accommodation agreement casework to small-to-medium enterprises (“SMEs”), farmers and individuals in China’s Jiangsu Province. Due to contempo legislation and cyberbanking ameliorate in China, these SMEs, farmers and individuals — which historically had been afar from borrowing funds from State-owned and bartering banks — are now able to borrow money at aggressive ante from microfinance lenders.
For added information, amuse contact:
Mr. Long Yi, Chief Cyberbanking Officer and DirectorChina Bartering Credit, Inc.Tel: 86 13584802352Email: [email protected]
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