BEIJING, China, Dec. 12, 2018 (GLOBE NEWSWIRE) -- Uxin Limited (“Uxin” or the “Company”) (Nasdaq: UXIN), the largest used car e-commerce platform in China, today announced that it facilitated over 2,000 used car transactions to consumers on the Uxin Taobao Marketplace store during the first 18 hours of Taobao’s Double 12 Shopping Festival.
“We are very pleased to kick off our collaboration with Taobao with robust sales during the Double 12 Shopping Festival,” said Kun Dai, Founder, Chairman and Chief Executive Officer of Uxin. “This is just the first step in our partnership with Taobao. Going forward, we will continue to integrate and optimize our platform to make buying used cars online even more transparent and convenient.”
Uxin recently established a strategic partnership with Taobao, China’s massive and fast-growing consumer community operated by Alibaba Group Holding Limited (“Alibaba Group”) (NYSE: BABA), to expand used car e-commerce in China. The two companies provide a full suite of used car product and service offerings ranging from intelligent listing, displaying and matching, to one-stop transaction solutions.
Uxin 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 670 service centers in over 270 cities throughout China.
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Source: Uxin Limited