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Online Used Car Company Uxin Secures New Financing Led by Nio Capital and Joy Capital

Jun 16, 2021
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(Source: IC)

Uxin Limited, an online used car trading platform, announced it has entered into definitive agreements with Nio Capital and Joy Capital, in which both firms have agreed to invest a total of up to $315 million in the company.

At the same time, the holders of Uxin's convertible notes, including 58.com, TPG and Warburg Pincus, intend to transfe…

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