25 August 2019

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.

– Contact HKEJ at [email protected]



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