(Yicai Global) April 11 -- The finance arm of Chinese ride-hailing giant Didi Chuxing Technology has launched an online financial management system aimed at auto rental companies and fleet partners, China Youth Daily reported today.
The Quan Ju platform has partnered with auto finance provider Fengbang Leasing, investors and insurers to serve car-leasing firms and shorten the financial service procedures for cars and drivers in the sector.
Quan Ju is expected to sign up 1,500 leasing companies this year, and will indirectly serve millions of online car-hailing orders a day, according to the head of Didi's financial service business.
"Our management efficiency improved greatly after using the system," said an executive at a Chengdu-based car rental company that was among the first users. "We believe we will need no extra staff even if we expand our fleet of cars to 3,000."
Beijing-based Didi added financial services to its app on Jan. 2, covering insurance, wealth management, payment and other products for passengers and drivers. The aim was to provide them and partners with financial services.
The number of people using Didi's car-hailing platform exceeds 550 million, including more than 30 million drivers and car owners, according to the company.