Uxin Limited Secures $7.5M Investment Deal to Boost China's Leading Used Car Platform
Portfolio Pulse from Benzinga Newsdesk
Uxin Limited (NASDAQ:UXIN), a leading used car retailer in China, has secured a $7.5 million investment from Pintu (Beijing) Information Technology Co., Ltd., a subsidiary of Dida Inc. The investment involves subscribing to over 1.5 billion Class A ordinary shares and includes a loan agreement with Youxin Anhui.
September 13, 2024 | 9:04 am
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Uxin Limited has secured a $7.5 million investment from Pintu, enhancing its financial position and potentially boosting its market presence in China's used car industry.
The $7.5 million investment from Pintu provides Uxin with additional capital, which can be used to expand operations or improve services, likely leading to a positive short-term impact on its stock price. The involvement of a significant investor like Pintu also adds credibility and may attract further investments.
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