BEIJING, Feb. 18, 2015 /PRNewswire/ -- Bitauto Holdings
Limited ("Bitauto" or the "Company") (NYSE: BITA), a leading
provider of Internet content and marketing services for
China's fast-growing automotive
industry, today announced it successfully closed the transaction,
previously announced on January 9,
2015, with JD.com, Inc. ("JD.com", Nasdaq: JD), the leading
online direct sales company in China and Tencent Holdings Limited ("Tencent", SEHK: 00700), a leading provider of
comprehensive Internet services in China.
About Bitauto Holdings Limited
Bitauto Holdings Limited (NYSE: BITA) is a leading provider of
Internet content and marketing services for China's fast-growing automotive industry.
Bitauto manages its businesses in four segments: the bitauto.com
advertising business, the EP platform business, the taoche.com
business, and the digital marketing solutions business. The
Company's bitauto.com advertising business offers automakers and
dealers a variety of advertising services through its bitauto.com
website, which provides consumers with up-to-date new automobile
pricing and promotional information, specifications, reviews and
consumer feedback. The Company's EP platform business provides
web-based integrated digital marketing and customer relationship
management (CRM) applications to new automobile dealers in
China. The platform enables dealer
subscribers to create their own online showrooms, list pricing and
promotional information, provide dealer contact information, place
advertisements and manage customer relationships to help them
effectively market their automobiles to consumers. The Company's
taoche.com business provides listing services to used automobile
dealers that enable them to display used automobile inventory
information on the taoche.com website and partner websites. The
Company provides advertising services to used automobile dealers
and automakers with certified pre-owned automobile programs on its
taoche.com website. The Company's digital marketing solutions
business provides automakers with one-stop digital marketing
solutions, including website creation and maintenance, online
public relations, online marketing campaigns and advertising agent
services.
For more information, please visit ir.bitauto.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," "confident" and similar statements. Among
other things, the quotations from management in this announcement
contain forward-looking statements. Forward-looking statements
involve inherent risks and uncertainties. A number of factors could
cause actual results to differ materially from those contained in
any forward-looking statement, including but not limited to, those
included in Bitauto's and JD.com's filings with the SEC and
Tencent's filings with the Hong Kong Stock Exchange. All
information provided in this press release is as of the date of
this press release, and none of Bitauto, JD.com and Tencent undertake any duty to update such
information, except as required under applicable law.
For investor and media inquiries, please contact:
Bitauto
IR Department
Bitauto Holdings Limited
Tel: +86-10-6849-2145
ir@bitauto.com
Rachael Layfield
Brunswick Group LLP
Tel: +86-10-5960-8600
bitauto@brunswickgroup.com
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SOURCE Bitauto Holdings Limited