China Bat Group, Inc. Breaks into Shanghai Market
March 27 2019 - 5:30PM
China Bat Group, Inc. (Nasdaq: GLG) (the
"
Company"), an emerging used luxurious car rental
service provider headquartered in Beijing, China, today announced
that the Company has entered the Shanghai market.
The Company’s business operations can be divided
into 7 parts including pre-lease preparation, car rental
preparation, paperwork preparation, signing the contract, rent
prepayment and deposit, delivery inspection as well as the guidance
regarding driving the high-performance rental vehicles. This model
of business operation will also be applicable in the Shanghai
market, where the Company has officially begun its operations by
leasing luxury vehicles to its peer companies.
Through the implementation of strict work norms
and a rigorous risk management system, the Company has achieved
effective control of its luxury car assets in Beijing and plans to
become a benchmark of the industry in Shanghai.
Mr. Jiaxi Gao, CEO and President of China Bat
Group, Inc., comments, “Following the success of our operations in
Beijing, we have entered into the Shanghai luxury car rental market
to take advantage of the large demand for luxurious car rental
services among high net worth individuals in urban China. We
believe our services offer a high tech and convenient method of
luxurious car rental while ensuring the highest standards of safety
and risk management to our customers.”
About China Bat Group, Inc.
China Bat Group, Inc. (Nasdaq: GLG) is an
emerging used luxurious car rental service provider in China. The
used luxurious car business is conducted under the brand name
“BatCar” by the Company’s VIE entity, Tianxing Kunlun Technology
Co. Ltd, from its headquarters in Beijing. Utilizing a streamlined,
digital, transaction process, the Company endeavors to provide the
best possible rental experience for its customers. For more
information please visit https://www.imbatcar.com.
Safe Harbor Statement
This press release may contain certain
"forward-looking statements" relating to the business of China
Commercial Credit, Inc. and its subsidiary companies. All
statements, other than statements of historical fact included
herein are "forward-looking statements." These forward-looking
statements are often identified by the use of forward-looking
terminology such as "believes," "expects" or similar expressions,
involve known and unknown risks and uncertainties. Although the
Company believes that the expectations reflected in these
forward-looking statements are reasonable, they do involve
assumptions, risks and uncertainties, and these expectations may
prove to be incorrect. Investors should not place undue reliance on
these forward-looking statements, which speak only as of the date
of this press release. The Company's actual results could differ
materially from those anticipated in these forward-looking
statements as a result of a variety of factors, including those
discussed in the Company's periodic reports that are filed with the
Securities and Exchange Commission and available on its website at
http://www.sec.gov. All forward-looking statements attributable to
the Company or persons acting on its behalf are expressly qualified
in their entirety by these factors. Other than as required under
the securities laws, the Company does not assume a duty to update
these forward-looking statements.
For more information, please
contact:
Ms. Tina XiaoAscent Investor Relations LLCEmail:
tina.xiao@ascent-ir.com
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