BEIJING, March 27, 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 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 Xiao
Ascent Investor Relations LLC
Email: tina.xiao@ascent-ir.com