BitAuto, Yong Da target China’s used cars

27 Aug 2014

In a footnote to the earlier report of a new joint venture involving BitAuto Holdings Ltd, Youxinpai (Beijing) Information Technology Co. (UXIN) and Lentuo International Inc., BitAuto announced on Aug. 18 that it will establish a separate joint venture with China Yong Da Automobiles Services Holdings Ltd, one of China’s leading automotive dealership groups, which also involved UXIN.

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Don Gasper