Nasdaq Welcomes Uxin, Ltd. (Nasdaq: UXIN) to The Nasdaq Stock Market
June 27 2018 - 4:35PM
Uxin, Ltd. (Nasdaq:UXIN), China’s largest used car e-commerce
platform, visited the Nasdaq MarketSite in Times Square today in
celebration of its initial public offering (IPO) on The Nasdaq
Stock Market.
Uxin, which means quality and trust in Chinese, is the largest
used car e-commerce platform by number of transactions and gross
merchandise volume, according to iResearch. Founded in 2011,
the company’s mission is to enable people to buy the car of their
choice. Uxin makes it possible to discover, evaluate and transact
in used cars throughout China by providing a reliable and one-stop
transaction experience. The platform consists of two highly
synergistic businesses: Uxin Used Car (2C) and Uxin Auction
(2B). Its innovative integrated online and offline platform
includes a nationwide network of over 670 service centers across
more than 270 cities. Uxin is taking advantage of China’s booming
used car market: used car transaction volume in China is expected
to grow rapidly at a compound annual growth rate of 19% from 12.4
million in 2017 to 29.6 million by 2022, according to
iResearch.
“Going public is a substantial milestone in Uxin’s history. It
marks the beginning of a new and exciting phase for our company. We
are thrilled to be here at Nasdaq,” said Dai Kun, Uxin’s Founder
and Chief Executive Officer.
“Through its innovative approach, Uxin has transformed used car
e-commerce in China and provides users with a superior experience.
We are excited to welcome Uxin to join our family of industry
leading companies and look forward to support their continued
success,” said Nelson Griggs, President, Nasdaq Stock Exchange.
The information contained above is provided for informational
and educational purposes only, and nothing contained herein should
be construed as investment advice, either on behalf of a particular
security or an overall investment strategy. Information about the
company is provided by the company or comes from the company’s
public filings and is not independently verified by Nasdaq. Neither
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ADVISED.
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visit: http://business.nasdaq.com
Media Relations Contact:
- Emily Pan
- (646) 441-5120
- emily.pan@nasdaq.com
- NDAQG -
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/a6895f32-33fd-4c98-9e0e-a9c9f2d2a415
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