Chinese used car dealer Uxin to raise $315m from investors

Chinese used car dealer Uxin to raise $315m from investors

Source: Ruffa Jane Reyes/Unsplash

NIO Capital, the technology fund backed by Chinese electric vehicle (EV) brand NIO, and investment firm Joy Capital have agreed to inject a total of $315 million into Uxin Limited, a Nasdaq-listed Chinese online used car dealer.