Despite being on the wrong side of some negative press over the past few weeks, Chinese used auto transaction and financing provider Uxin (NASDAQ: UXIN) had a positive close to 2018 in December, the first month of the platform’s partnership with e-commerce giant Taobao. Total revenue for the month of December was 400 million RMB ($59 million U.S.), up 75 percent year-over-year. December was the company’s...
Didi Chuxing-backed used auto transaction platform RenRenChe has reportedly been cutting staff over the past few months. The cuts haven't only affected recently shuttered regional offices, but also the Beijing office, which has seen its headcount fall from 400 in September to just more than 200 today, a former employee disclosed to Sina.com.
Taobao, the c-to-c marketplace from Alibaba Group Holdings (NYSE: BABA), has announced a partnership with one China's "big two" live streaming platforms, Bilibili. The two will collaborate on expanding live streaming options and infrastructure on Taobao, and on building greater synergy between the two sites.
Chinese used auto transaction and financing provider Uxin (NASDAQ: UXIN) has seen its market cap collapse once again, nullifying the gains made in a brief rally linked to the announcement of a partnership with e-commerce marketplace Taobao.
More than 100 customers of Chinese used auto transaction and financing provider Uxin (NASDAQ: UXIN) have united to raise concerns over the company's lending practices.
One of China's leading used b-to-b and b-to-c auto marketplaces, Uxin (NASDAQ: UXIN), has seen its plummeting market value rebound on the back of its recently announced partnership with Alibaba's Taobao e-commerce platform.
Chinese used auto trading platform Guazi has been fined 12.5 million RMB ($1.8 million U.S.) for misleading consumers. This is the latest in a series of legal setbacks for the company dating back to 2017.
Uxin Ltd., a Chinese used-car platform providing b-to-b and b-to-c services, is seeing strong growth in its b-to-c and financing business in 2018.
Chinese c-to-c used auto platform RenRenChe has closed more than 20 percent of its regional subsidiaries, according to media reports that have been confirmed by the Beijing-based company.
Uxin Limited (Nasdaq: UXIN), a Chinese used-car platform providing b-to-b and b-to-c services, has announced upgrades to its warranty program. According to the company’s release, “the enhanced coverage gives greater confidence to consumers that purchase eligible used vehicles on Uxin's market leading 2C platform.”