Fengbang Leasing

About Fengbang Leasing

Fengbang Leasing (Shanghai) Co., Ltd. is an automotive financial solutions provider established in January 2016. The company operates as a joint venture between the private equity firm CITIC Private Equity Funds Management (CPE) and the mobility technology platform Didi Chuxing. Its core business activities include financial leasing for new and used cars for individuals, financing for dealerships, leasing transaction consulting, guarantee services, and commercial factoring.

The company targets a broad client base that includes original equipment manufacturers (OEMs), car dealerships, corporate clients, and individual customers. By leveraging the capital, brand, and data resources of its prominent shareholders, Fengbang Leasing has developed a significant presence in the market. Since commencing operations in August 2016, the company has expanded its network to cover over 250 cities across more than 30 provincial regions in China. It collaborates with over 1,000 channel partners, providing access to more than 3,000 car sales outlets nationwide.

Fengbang Leasing's business model focuses on providing comprehensive and flexible financing options. For instance, its "Kylin Plan" is a financial solution designed for ride-hailing service providers, offering support in vehicle procurement and financing. The company has established a strong foothold in the commercial vehicle and ride-hailing market segments. Revenue is generated through the interest and fees associated with its leasing and commercial factoring services. The company's CEO is Zhai Feng, who previously served as the marketing president for Procter & Gamble in Greater China and is a managing director at CITIC Private Equity.