On 11 November, the BMW Group announced officially its acquisition of the car lease provider, Herald International Financial Leasing Co.

Anbound's research team is of the view that, this year, the market growth in China’s auto market has begun to slow down, and this will lead to fiercer competition in the Chinese automobile market which is precisely why the service sector of the automobile industry chain will be taken more seriously.

It can be seen from BMW’s acquisition of Herald International Financial Leasing that, in the future, the competition of the China’s auto market will be shifted towards automotive service industry.