Uxin (NASDAQ: UXIN) is a leading national online used car dealer in China. The Company’s mission is to enable people to buy the car of their choice online, no matter where they are located or what their budget is.
Under the 2C business (operated as Uxin Used Car), Uxin enables consumers to buy used cars through an innovative integrated online platform and offline service and fulfilment networks which address each step of the transaction and cover the entire value chain. This includes inventory discovery, car inspection and standardized online display, financing and insurance referral, warranty, logistics and delivery, as well as title transfer. The Company’s services are underpinned by advanced proprietary technology, extensive data on consumers, vehicles and transactions, an innovative and integrated online platform, an offline infrastructure of national fulfilment and an offline network of more than 1,300 service centers in over 250 prefecture-level cities throughout China.
In China, consumers generally face various challenges when buying used cars, such as access to a limited number of vehicles, incomplete and unreliable information about vehicles, a lack of transparency on car conditions and complex transaction processes. Uxin is committed to addressing these issues through its innovative used car supply chain by providing consumers with a reliable and one-stop, hassle-free online purchasing experience.
Under the 2B business (operated as Uxin Auction), Uxin primarily provides used car dealers with a comprehensive suite of solutions on its auction platform, helping them source vehicles, optimizing their turnover and facilitating transactions between dealers across China.