On August 4, Kaixin Auto announced that it had obtained targeted investment intentions totaling $700 million from several investment institutions.
Uxin has signed a financing agreement with its existing shareholder NIO Capital's affiliated company, which subscribed for 714 million senior convertible preference shares, with a total value of $100 million.
Chinese automaker NIO launched trial operations of its "owner-direct sale" service for official used cars, providing a platform for the free trade of vehicles among users.
Uxin Limited, an online used car trading platform based in China, announced on Monday that its existing shareholders Nio Capital and Joy Capital have signed a binding letter of intent for investment in the company.
ByteDance's used car project has been initiated internally following a long period of preparation. The name of the project is likely to be "Dongdong Haoche," so as to distinguish it from the company's car information app Dongchedi.
Online used car trading platform UXIN announced definitive agreements with Nio Capital and Joy Capital, in which both firms have agreed to invest a total of up to $315 million in the company.
Last week, while not too eventful in terms of the number of VC deals in China, saw at least three interesting investments.
Uxin Limited, China’s leading used auto trading platform, filed for an initial public offering on Tuesday, seeking investments of up to $500 million on the Nasdaq Stock Market, and will run under the symbol of “UXIN”.