Uxin Named in BrandZ’s 2019 Top 100 Most Valuable Chinese Brands
May 07 2019 - 7:00AM
Uxin Limited (“Uxin” or the “Company”) (Nasdaq: UXIN), the largest
used car e-commerce platform in China, has been named as the only
used car e-commerce brand in BrandZ’s 2019 Top 100 Most Valuable
Chinese Brands and the 71st most valuable Chinese brand on the
list.
“Over the past 8 years, Uxin has developed a
super supply chain in the used car industry and reshaped the
traditional buying process by introducing cross-regional services
to consumers. With integrated capabilities in used car discovery,
inspection, standardized online display, nationwide offline
fulfillment and comprehensive aftersales services, Uxin provides
consumers with seamless one-stop used car buying experience,” said
Cindy Wang, Uxin’s Chief Marketing Officer. “The value of Uxin’s
brand has been built on our user-centric approach and our
dedication to removing every obstacle in the used car purchasing
process. We will continue to refine our platform to give users
greater peace of mind and make it even easier to buy used cars from
anywhere across the country through our cross-regional service
offerings.”
Launched in 2011, BrandZ's Top 100 Most Valuable
Chinese Brands ranking tracks the growth of Chinese brands through
consumer research. The ranking, conducted by brand equity research
expert Kantar, combines rigorously analyzed market data from
Bloomberg with extensive consumer insights from over 3.7 million
consumers around the world, covering more than 166,000 different
brands in over 50 markets – including opinions from nearly 290,000
Chinese consumers on over 1,100 brands in 75 categories. The total
value of the BrandZ Top 100 Most Valuable Chinese Brands increased
by 30% to US$889.7 billion from 2018 to 2019, representing the
highest year-over-year growth since the ranking launched in
2011.
About UxinUxin Limited (Nasdaq:
UXIN) is the largest used car e-commerce platform in China. Uxin’s
mission is to enable people to buy the car of their choice, no
matter where they are located or what their budget is. Uxin enables
consumers and dealers to buy and sell cars through an innovative
integrated online and offline platform that addresses each step of
the transaction and covers the entire value chain. Its online
presence is bolstered by an offline network of more than 1,300
service centers in over 400 prefecture-level cities throughout
China.
Safe Harbor Statement This
announcement contains forward-looking statements. These statements
are made under the “safe harbor” provisions of the United States
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
“will,” “expects,” “anticipates,” “future,” “intends,” “plans,”
“believes,” “estimates” and similar statements. Among other things,
the business outlook and quotations from management in this
announcement, as well as Uxin’s strategic and operational plans,
contain forward-looking statements. Uxin may also make written or
oral forward-looking statements in its periodic reports to the SEC,
in its annual report to shareholders, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. Statements that are not
historical facts, including statements about Uxin’s beliefs and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from those
contained in any forward-looking statement, including but not
limited to the following: Uxin’s goal and strategies; its expansion
plans; its future business development, financial condition and
results of operations; Uxin’s expectations regarding demand for,
and market acceptance of, its services; its ability to provide
differentiated and superior customer experience, maintain and
enhance customer trust in its platform, and assess and mitigate
various risks, including credit; its expectations regarding
maintaining and expanding its relationships with business partners,
including financing partners; trends and competition in China’s
used car e-commerce industry; the laws and regulations relating to
Uxin’s industry; the general economic and business conditions; and
assumptions underlying or related to any of the foregoing. Further
information regarding these and other risks is included in Uxin’s
filings with the SEC. All information provided in this press
release and in the attachments is as of the date of this press
release, and Uxin does not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.
For investor enquiries, please
contact:Nancy SongUxin Investor RelationsTel: +86 10
5691-6765Email: ir@xin.com
For media enquiries, please
contact:Yi-Ke HongBrunswick GroupTel: +86 10
5960-8600Email: uxin@brunswickgroup.com
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