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Thursday, June 28, 2018 3:53:40 AM
https://www.nasdaq.com/symbol/uxin
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Incorporated in Cayman Island and headquartered in Beijing, China, Uxin Limited casts itself as the largest Chinese used car e-commerce platform in terms of number of transactions facilitated as well as total gross merchandise value in 2017. The activities of the group are described with the following words in the prospectus:
“As the destination for online used car transactions in China, we make it possible for consumers to buy cars from dealers, and for dealers to buy cars from other dealers and consumers, through an innovative integrated online and offline platform.” Source: Form F-1
According to iResearch, in 2018, UXIN owned market shares of 41% and 42% in terms of gross merchandise value in the online to consumers and to businesses used car markets, respectively.
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To all those people who are calling every CAYMAN incorporated company shady or scam.
LMAO.
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