China Bat Group, Inc. Positions to Target Explosive Luxury Car Rental Service Market Growth in China
March 19 2019 - 5:00PM
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 believes it is well-positioned to target the
luxury car rental service’s exponential market growth in China.
The Company operates a luxurious car business
that is conducted under the brand name “BatCar” through the
Company’s VIE entity, Tianxing Kunlun Technology Co. Ltd, from its
headquarters in Beijing. After launching the “BatCar” brand, the
Company believes it has captured the biggest luxury car rental
market share in Beijing, China. The Company is committed to serving
business professionals, luxury car enthusiasts and other customers,
providing luxury car rental services. The Company intends to
develop a luxurious car renting ecosystem which protects the users’
privacy and enhance safety. The Company’s current inventory covers
multiple types of high-end car models, including: Rolls-Royce,
Lamborghini, Ferrari, McLaren, Porsche, Land Rover, Mercedes-Benz,
BMW and other brands. The Company currently offers its services in
the Beijing-Tianjin-Hebei region and is expected to expand to other
first- and second-tier cities within one year.
The Company operates a Business to Consumer
(B2C) model, including online booking and offline pickup, to
provide a simplified experience for customers. The Company, as the
first luxury car service provider listed on Nasdaq, has released
commercial advertisements to customers, and utilized the resources
of its peer group and luxury car fan clubs to market its unique
customer experience while increasing brand recognition. In terms of
technology, the Company has core technology personnel with
experience from Alibaba, Baidu, Meituan, Didi and other tech
giants.
Mr. Jiaxi Gao, CEO and President of China Bat
Group, Inc., comments, “The concentration of luxury car rental
users is very high, geographically and socially. We believe that
future industry characteristics will develop from the base created
by the current renting ecosystem. Our understanding is that in the
future our services will be based more and more on the specific
circumstances of our user group and we will attempt to organize and
develop more high-end travel and comprehensive services including
leasing cars and social events. With the continuous deepening of
services and customer participation, we believe we will have the
opportunity to develop a leading brand for domestic luxury car
rental to provide quality services.”
Mr. Gao continued, “We will begin from
Beijing-Tianjin-Hebei, with Shanghai, Hangzhou, Chengdu, Shenzhen,
Sanya and Xiamen as the main cities to roll out our services and
ultimately expand our network to cover the entire country.”
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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