Rental firm to fran­chise

China Daily (Hong Kong) - - MOTORING -

China Auto Rental Hold­ings Inc re­cently be­gan to ex­pand by al­low­ing fran­chise stores out­side the 66 cities where it has al­ready es­tab­lished a pres­ence with its wholly owned chain stores. Com­pany CEO Lu Zhengyao said that the com­pany on its own can­not meet huge con­sumer de­mand and would like to share re­sources with part­ners through­out the coun­try. The move is ex­pected to help the com­pany ex­pand rapidly, es­pe­cially in third-and fourth-tier cities, an­a­lysts said.

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