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HONG KONG, Aug 10, 2015 - (ACN Newswire) - Baoxin Auto Group Limited, a leading luxury 4S dealership group in China, is pleased to announce that it has signed the strategic cooperation agreement of the "AutoStreets"(AutoSt./ (www.autostreets.com)) platform-based auto dealer O2O platform. Initiated and launched by the China Automobile Dealers Association, with the participation of majority of auto dealers, the signing ceremony of the AutoSt. agreement was held in Shanghai Xijiao Hotel.
Those who participated in the signing ceremony were the persons in charge from leading auto dealer groups in China including the National Machine Auto, China Grand Auto, Pangda Auto Group, Lei Shing Hong Auto, Baoxin Auto, Zhengtong Auto, GDAM, Changjiu Group, Wintop Group, Hui Tong Jia Hua Auto, Beijing Peng-Lung Auto Group, Rundong Auto, Shandong Yuantong Group, Beijing Xianglong Borui Auto Service (Group) Co., Ltd., Shenyang Public Group, Wanyou Auto, Hao Wu Electrical, Guizhou Tong Yuan Group, Shandong Runhua Group, Wuxi Orient Group, Yunnan Zhong Zhi Yuan Group, Guangzhou Nanling Auto, Hong Shun Group, Wan Bon Group, Shanghai Dongchang Auto, Chongqing Master Auto, Hubei Hengxingdelong, Sichuan Huaxingjinye etc.
The completion of the signing ceremony implies the establishment of the O2O automotive ecommerce platform with the most extensive coverage of China's auto industry, with the highest participation of auto dealer groups and the closest integration between online and offline; it also marks the joint efforts of the auto dealers who begin to practically execute the innovative trend of "Internet + automobile distribution". The alliance of the dealer group will increase exposure through its existing and expanding online channel of AutoSt. and sharing of the multi-resources platform, achieving to drive the online users to actual offline transactions and open up the convergence aisle of the online and offline resources.
In recent years, with a rapid development of internet technology, the internet and mobile internet has increasingly and profoundly affected and changed people's consumption habits. Such influence and change has also inevitably transmitted to the very traditional industry of the auto industry.
The internet era has reduced the costs of the way people communicate and enhanced the efficiency of information dissemination, which infuses vitality into the traditional industries. However, when the internet enterprises rampaged into the auto industry with the ideology of subversion, the auto dealers felt the unprecedented pressure and confusion. How to deal with the internet? How to utilize the internet? Despite of the trend, high investment and unknown return made the auto dealers hesitate.
Facing with the impact of the online automobile merchants and the dilemma of the offline auto 4S shops, the China Automobile Dealers Association held a special meeting focusing on the research of core issues such as the changes in the automobile market, the problems encountered by the industry, and how to deal with the challenge of the internet merchants as well as how to deal with crossover integration. Especially for the concern on the automobile electronic merchants, the answer given by the president is to follow the trend and cope with the changes by transformation. In addition, the China Automobile Dealers Association also needs to lead and form a collective resolution under the participation of most dealers so as to further upgrade and build an auto O2O platform that belongs to the auto dealer group itself according to the basis of the Autost..
As a leading O2O automotive ecommerce platform in China that provides users with buying and selling of cars, auto-related transactions and information services, AutoSt.(www.autostreets.com) is a joint venture set up by China Merchants Bank, Cox Automotive from United States and many dealer groups, with a profound industry background and strong financial strength. The leading internet technology supporting system owned by the Autost. covers the online and offline business operation mode including new cars, used cars, vehicle maintenance, spare parts, auto financing, automobile supplies and other aspects of the entire industry chain of the O2O ecosystem. This not only meets the great needs of transforming the traditional business mode to electronic mode of the auto dealer groups, but also provides consumers an O2O automotive ecommerce platform of high-quality services with a rich source of automobile information to meet their different needs.
The new "AutoSt. O2O automotive ecommerce platform" came into being at an opportune time.
Such an establishment of the automotive ecommerce platform is not only in response to Prime Minister Li Keqiang's proposed action plan of "Internet +", it also simultaneously integrates the offline resources effectively. Under the motivation of the transformation of innovative power, it drives better services for the auto consumers.
For the major auto dealers, the joint establishment of the ecommerce platform has effectively solved the problem of high investment and low return resulted from the limitations of independently develop an ecommerce platform due to inadequate online and offline resources. This provides the auto dealers to enter the realm of the internet with the effective channel of low threshold, small investment and high efficiency.
Under the guidance of the China Automobile Dealers Association, the upgraded Autost. will be in response to the government to promote the guiding ideology of "Internet +", adhering to the public trust and fairness. It devotes to serve the dealers and enhance the operational efficiency. With the integration of all advantageous resources by the professional operation team of the third-party, it forms an online and offline O2O automotive ecommerce public service platform under the joint venture and construction of many dealers, covering the entire industry chain of the auto industry to meet the consumers' needs. In the future, serving the dealers and consumers will always be the duty of the new ecommerce platform so as to strive for achieving the goal of becoming the country's and the world's most influential automotive ecommerce platform.
Topic: Press release summary
Source: Grand Baoxin Auto Group Limited
Sectors: Daily Finance, Automotive
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From the Asia Corporate News Network
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