Uxin Ltd. (NASDAQ: UXIN) stock surged by 58.09% at the last trading close whereas the UXIN stock price declines by 6.98% at last check in the after-hours trading session. In China, Uxin Limited is a leading online used car dealer with a nationwide presence. Uxin’s goal is to empower people to purchase the car of their dreams online by providing high-quality used vehicles and best-in-class shopping services. Uxin’s one-stop online shopping mall offers customers a national range of low-cost used vehicles, as well as a variety of value-added goods and services and robust aftersales services.
Top 5 Tech Stocks to Buy in 2024
Don't let the chaos of rising interest rates, potential recession, tighter credit issues, higher oil prices, and incessant geopolitical issues chase you from the markets. Instead, just wait it out. With too much fear in the market, go bargain hunting with tech stocks. We have complied a report with the five of the best ways to profit within this industry.
"Top 5 AI Stocks to Buy in 2024."
Click here to sign up for our free report & newsletter, plus bonus offer "Elon Musk just Tiggered a BOOM in These Stocks"
Sponsored
Upcoming Development
UXIN has announced that it would release unaudited financial statements for the third quarter of the fiscal year 2021, which ended on December 31, 2020, before the opening of US markets on April 28, 2021.
Recent Past Development
UXIN revealed on April 22, 2021, that it had formed a strategic alliance with JD.com to open a self-operated online store for used car purchases on JD’s website. UXIN and JD.com will collaborate to provide customers one-stop online used car buying options, including inspection, ordering, insurance, and aftersales programs, as well as to pursue new possibilities in data collection, infrastructure, inspection practices, and streamlined supply chains in the used car industry.
Mr. Kun Dai, Founder, Chairman and Chief Executive Officer of Uxin, said:
Team Uxin is thrilled about the chance to work with JD.com to provide consumers with a higher-quality, more secure used car buying experience than what’s currently available. Uxin is also confident in their ability to better support their consumers and boost industry expectations and service quality ratings by combining JD.com’s strong e-commerce capability and vast offline network with Uxin’s enhanced experience, expertise in the online used car market, and validated inventory-owning model. As UXIN continue to improve its presence in China, they think that they are well placed to take advantage of the tremendous growth opportunities in the used car industry.
