Uxin Ltd's Q2 Retail Transaction Volume Reached 2,287 Units, up by 35.6% QoQ
Portfolio Pulse from Benzinga Newsdesk
Uxin Ltd reported a 35.6% quarter-over-quarter increase in retail transaction volume for Q2 FY2024, reaching 2,287 units. This growth significantly exceeds the industry's 5% growth rate. The company's Changfeng superstore, a joint venture with the Hefei local government, also began trial operations.
November 28, 2023 | 8:48 am
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Uxin Ltd experienced a significant increase in Q2 retail transaction volume, surpassing industry growth rates, and initiated trial operations at its Changfeng superstore.
The substantial growth in transaction volume for Uxin Ltd indicates strong performance and market share gain, which is likely to be viewed positively by investors. The commencement of trial operations at the Changfeng superstore, in partnership with the local government, may also contribute to future growth prospects, further bolstering investor confidence.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100