According to the Frost & Sullivan report, based on the number and amount of automobile retail transactions in 2016, we are the largest online car retail trading platform in China. In the nine months ending September 30, 2017, the company brokered about 300,000 automobile retail transactions and automobile-related transactions, involving an estimated total value of about RMB 29 billion. As of September 30, 2017, the company managed a total of about 500,000 vehicles, including cars providing loan facilitation services, consumer financial leasing services, and operating leasing services. business model We have used the Internet car retail trading platform to establish an ecosystem involving consumers, automobile manufacturers, car dealers, auto financing partners and after-sales service providers, to facilitate transactions throughout the consumer vehicle transaction cycle and vehicle life cycle. Business segments With our internet platform, the company operates a business divided into two major divisions: (i) Trading platform business, which mainly includes facilitating consumer car purchase transactions, enabling our auto finance partners to provide car loans to consumers, providing car dealers with value-added services such as selling connected vehicle systems, and providing advertising and membership services to car manufacturers, car dealers, auto finance partners and insurance companies; and (ii) Proprietary financing business, which mainly provides automobile financing solutions to consumers through financial leasing and operating leasing.
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