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REPORTS

Uxin has promoted Zhitian Zhang to chief operating officer, the company announced yesterday in a news release. Zhang will oversee the company’s operations, as well as direct Uxin’s development. The position has been vacant since September, when William Peng left the company amid a series of executive shake-ups.

Zhang has been with Uxin since 2012, previously serving as general manager of the company’s sales management center, as well as president of Uxin’s used car transaction business. Before joining Uxin, Zhang was the director and vice general manager of Bitauto Holdings Limited’s used car business.

“Zhitian has demonstrated his dedication to our strategy where he has played a critical role in driving the rapid growth of our business,” said Kun Dai, Uxin’s chairman and CEO. “His outstanding work over the past eight years has been key to the development of our business as we moved through the different stages of growth and successfully transitioned into a national online used car dealer which enables consumers to purchase used cars online in China.”

Founded in 2011, Uxin (Nasdaq: UXIN) is a b-to-b and b-to-c used car marketplace operating in China. Last month, the marketplace jettisoned its vehicle auction site, Fairlubo, in a deal worth $45 million U.S.

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