Uxin (UXIN) has released an update.
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Uxin Limited, a leading used car retailer in China, has announced a share subscription agreement with Lightwind Global Limited, a subsidiary of Dida Inc. This agreement involves the issuance and sale of over 1.5 billion Class A ordinary shares for $7.5 million, highlighting Uxin’s strategic move to strengthen its market presence. The transaction underscores Uxin’s commitment to advancing its digital and retail capabilities in the used car industry.
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