Uxin (UXIN) began trading on the Nasdaq on 27 June 2018

Uxin Limited operates a used car e-commerce platform in China. 
Priced 25 million American depositary shares at $9 per share, below the expected range.
Raised $225 million with an initial public offering
This was the busiest week for IPOs in three years.

• Sector: Technology
• Industry: Internet Content & Information
• Full Time Employees: 12,461
• Founded in 2011
• Based in Beijing, China.
• http://www.xin.com

company website

Founded in 2011, the platform is the largest of its kind in China in terms of both the number of transactions facilitated and the sales value in 2017, according to iResearch. It has been backed by two large investors, Warburg Pincus LLC and Baidu Inc. (Nasdaq: BIDU), which hold a combined 24 percent stake as well as senior management roles in the company, according to Uxin's prospectus.

The Beijing-based company operates two businesses on its platform. The Used Car (business-to-consumer) segment provides information regarding recommendations, financing, documents, delivery, and warranty, among other things. The Auction (business-to-business) platform helps companies acquire and deliver vehicles.

The company also provides inspection services to assess the quality of used vehicles and generate reports for consumers.

Uxin said its network had more than 670 service centers in 270 Chinese cities at the end of March. It sold 165,000 cars in this year's first quarter, nearly 62 percent more than in the same period of 2017. For all of 2017, Uxin reported it sold more than 634,000 cars, representing a 68 percent increase from a year earlier.