Uxin drives deeper into the red as used car prices tumble
The company’s gross margin turned negative in the second quarter, as an intensifying price war among new car sellers spilled into used cars Key Takeaways: Uxin’s revenue and transaction volume…
Yusheng IPO tests bumpy road for China’s used car market
The company’s Taocheche platform is riding China’s late-blooming used-car boom, but its inventory-heavy model shows the high cost of building trust in the sector Key Takeaways Taocheche has become China’s…
Uxin gets new cash injection as its used car superstores gain speed
The company said it closed a deal first announced last September to sell new stock to shared ride operator Dida for $7.5 million Key Takeaways: Uxin has received $7.5 million…
Uxin finds new friend on difficult road to profitability
The used car superstore operator will receive $15 million in new funding from shared ride company Dida, equal to more than four times its cash reserves at the end of…
Autostreets in the driver’s seat as China gets set for used car trading boom
The country’s leading used car trader has passed its listing hearing in Hong Kong, positioning it to complete its IPO in the coming months Key Takeaways: Autostreets is reportedly aiming…
Uxin Opens Upgraded Superstore in Race to Prove New Business Model
The company delivered strong revenue and retail transaction growth in the third quarter despite pandemic disruptions, but cash flow continues to be an issue Key Takeaways: Uxin’s revenue rose 78.9%…
Uxin Revs Up Online Used Car Retailing Model, Buys Time with Financial Maneuvers
Company posted strong revenue and transaction growth in the three months through June for its retail business buying, reconditioning and selling used cars online directly to consumers Key Takeaways: Uxin’s…
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