Singapore's GIC increases stake in Chinese used-car platform Uxin to 11.4%

Singapore's GIC increases stake in Chinese used-car platform Uxin to 11.4%

Traffic travels along the Second Ring Road in Beijing, China, on Wednesday, Dec. 2, 2015. Photographer: Qilai Shen/Bloomberg

Singapore sovereign wealth fund GIC has increased its stake in Chinese used-car platform Uxin to 11.4 per cent, according to a filing with the US Securities and Exchange Commission (SEC) Tuesday.