Chinese Used Car E-Tailer Uxin Raises USD230 Million
Xu Wei
/SOURCE : yicai
Chinese Used Car E-Tailer Uxin Raises USD230 Million

(Yicai Global) May 29 -- Uxin, which runs China's largest used car e-commerce platform, has raised USD230 million in a private placement, adding Chinese classifieds platform 58.Com to its group of investors, The Paper reported. 

The new financing is the first for Uxin after it went public on the Nasdaq last June. The Beijing-based firm's existing investors Huaping Investment Group, TPG and Warburg Pincus also took part in this round. 

Uxin's shares [NASDAQ: UXIN] rose nearly 6 percent yesterday to USD2.50.

Editor: Emmi Laine

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Keywords: Uxin