BEIJING, March 19, 2019 (GLOBE NEWSWIRE) -- 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 Xiao
Ascent Investor Relations LLC
Email: tina.xiao@ascent-ir.com