ONLINE Vehicle Sales Company in China
Guangzhou Automobile Co. and its insurance subsidiary established a joint venture with Chinese Internet company LeShi Holdings to sell cars, parts and services, auto finance and insurance online. The 1.4 billion ($212 million) new company, Dasheng Technology Co., is incorporated in the south China city of Guangzhou where GAC is headquartered. It is registered as a 45-40-15 partnership between GAC,
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