The story
Zhongsheng opened its first Toyota and Nissan dealerships in 1998. In 1999 Zhongsheng opened its first Audi dealership. Zhongsheng opened its first dealership in Shanghai in 2002. In 2005 Zhongsheng opened its first Lexus and Honda dealerships and its first dealership in Guangdong. Zhongsheng opened its first Mercedes-Benz dealership in 2009.
Zhongsheng listed on the Hong Kong Stock Exchange in March 2010. In December 2010 Zhongsheng agreed to acquire a 55 per cent stake in New Wing Enterprises, an operator of 15 4S car dealerships across China.
In May 2012 Zhongsheng acquired a 70 per cent stake in the German vehicle-personalization specialist Carlsson Autotechnik.
From Wikipedia’s article on Zhongsheng Group, shared under CC BY-SA 4.0.4