Date
19 August 2017

China Auto Rental eyes franchising to widen network, Xinhua says

China Auto Rental Holdings Inc., the country’s biggest car rental company, said Monday it would roll out a franchise system to expand its store network in third-tier and fourth-tier cities, with a goal of setting up 1,000 stores in 100 cities, the official Xinhua news agency reported. Apart from directly operating shops in 66 mainland cities, the company would adopt a franchise scheme to develop its car rental and second-hand car trading business. The company is also eyeing a listing in either Hong Kong or the United States in three years’ time, the report said.

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