Easy car network and huge steam trade and excellent trust Interconnection building joint venture Company

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Beijing Time April 22 Evening News, Easy Car Network (Nasdaq:bita) announced today, has reached an agreement, will be with the car dealers large auto trade and second-hand vehicle auction Service excellent letter interconnection joint venture company.

By providing high quality second-hand car information and expanding the number of used cars in the website, this joint venture will strengthen the leading position of the car network of the private used cars of the easy cars network. Based on the current competitive advantage of the vehicle network in the second-hand car trading system, this cooperation will help to promote the market share of the second-hand car in China. The JV company will also provide vehicle assessment services to the market.

Easy Car Network chairman and CEO Li Bin said: "Easy car network is very happy with the huge steam trade and excellent letter interconnection cooperation." China's second-hand car market is booming, but services are still lacking. By strengthening the depth of the Amoy platform and the number of used cars, this joint venture will help us better serve the market, provide more convenient ways for used-car buyers, get the best used cars on the market and search for their favorite cars. We are confident that this move will bring traffic to Amoy car network, keep Amoy car network in China's second-hand market position. We also anticipate that this joint venture will strengthen our competitive advantage in the second-hand car industry. Through the establishment of long-term second-hand car strategy, we hope to strengthen the leading position in this market, promote the development of China's second-hand car industry. ”