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    UXIN   US91818X1081

UXIN LIMITED

(UXIN)
  Report
Delayed Quote. Delayed Nasdaq - 09/27 04:00:00 pm
2.85 USD   -1.38%
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Uxin Enters into Strategic Partnership with JD.com

04/22/2021 | 08:28am EDT

BEIJING, April 22, 2021 (GLOBE NEWSWIRE) -- Uxin Limited (“Uxin” or the “Company”) (Nasdaq: UXIN), a leading nationwide online used car dealer in China, today announced that it has entered into a strategic partnership with JD.com to launch a self-operated online store for used car transactions through JD’s platform.

The two companies will work together to provide consumers with one-stop online used car purchase solutions including used car inspection, purchasing, insurance, and aftersales services, and explore additional opportunities in data management, technology, inspection standards, and integrated supply chains in the used car business.

Mr. Kun Dai, Founder, Chairman and Chief Executive Officer of Uxin, commented: “We are excited about this opportunity to cooperate with JD.com to offer customers a higher quality and more reliable used car purchasing experience than what is currently available in the market. Leveraging JD.com’s strong e-commerce capabilities and extensive offline network and Uxin’s enriched experience, expertise in the online used car business and proven inventory-owning model, we are confident in our ability to better serve our customers and raise industry standards and service quality levels. We believe we are well positioned to capture the huge growth potential in China’s used car market as we continue to strengthen our foothold.”

About Uxin
Uxin Limited (Nasdaq: UXIN) is a leading nationwide online used car dealer in China. With its offerings of high-quality used cars and best-in-class purchasing services, Uxin’s mission is to enable people to buy the car of their choice online. Uxin’s one-stop online shopping mall provides consumers with a nationwide selection of value-for-money used cars, various value-added products and services as well as comprehensive aftersales services. Its online sales consultants offer professional consulting to facilitate a convenient and efficient car purchase for consumers in a timely fashion. Its comprehensive fulfillment network supports nationwide logistics and delivery as well as title transfers between different cities across China so as to fulfill these online transactions.

Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as Uxin’s strategic and operational plans, contain forward-looking statements. Uxin may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Uxin’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: impact of the COVID-19 pandemic, Uxin’s goal and strategies; its expansion plans; its future business development, financial condition and results of operations; Uxin’s expectations regarding demand for, and market acceptance of, its services; its ability to provide differentiated and superior customer experience, maintain and enhance customer trust in its platform, and assess and mitigate various risks, including credit; its expectations regarding maintaining and expanding its relationships with business partners, including financing partners; trends and competition in China’s used car e-commerce industry; the laws and regulations relating to Uxin’s industry; the general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Uxin’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Uxin does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media enquiries, please contact:
Investor Relations
Uxin Limited
Tel: +86 10 5691-6765
Email: ir@xin.com

Eric Yuan
Christensen
Tel: +86 10 5900 1548
Email: uxin@christensenir.com



ę GlobeNewswire 2021
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Financials
Sales 2021 657 M 102 M 102 M
Net income 2021 -421 M -65,3 M -65,3 M
Net Debt 2021 1 780 M 276 M 276 M
P/E ratio 2021 -6,68x
Yield 2021 -
Capitalization 7 312 M 1 133 M 1 133 M
EV / Sales 2020 3,91x
EV / Sales 2021 6,69x
Nbr of Employees 693
Free-Float 73,1%
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Number of Analysts 4
Last Close Price 2,85 
Average target price
Spread / Average Target -
EPS Revisions
Managers and Directors
Dai Kun Chairman & Chief Executive Officer
Feng Lin Chief Financial Officer
Zhitian Zhang Chief Operating Officer
Rong Lu Independent Director
Cheng Lu Independent Director
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