An auto services firm is riding the internet and technologies such as big data to adopt a new business model that integrates used-car and new-car sales businesses, including features such as financing and after-sales services.
On Oct 31, Guazi.com, one of China's largest used-car dealer, announced its transformation into a car trading company, connecting its used-car business with Maodou.com, its newly developed brand of new-car retail.
The integrated services span the entire life cycle of a car. Guazi's user database and technical services would be used by Maodou.com as well.
Called "CARS", the new company offers its customers a "one-stop" shop for buying, selling and renting new cars and used cars, said Yang Haoyong, CEO of Maodou.com.
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