State firms partner on car rental service

Two Chinese State-owned firms joined hands on Friday to offer smartphone-based car-rental services, in a move to tap into the country's booming transportation market.

Beijing Shouqi Group, a major car-rental and taxi firm in China, inked a strategic partnership with Beijing Municipal Road & Bridge Group Co Ltd, a major construction firm in China.

Under the deal, Beijing Shouqi can access the latter's more than 50 parking lots, located under the city's second and third ring roads, to offer more convenient car-rental services.