Uxin Ltd. (UXIN), China's used car retailer, Wednesday announced that it has signed a definitive agreement with Fame Dragon Global Ltd., an investment vehicle of NIO Capital.
Under the deal, the investor will buy over 5,738,268,233 Class A Ordinary Shares for approximately $27,876,506.
This agreement follows the investor taking over NC Fund's rights and obligations from a previous deal signed on March 18, 2024, involving NC Fund, Xin Gao Group Limited, and the Company.
Tuesday, Uxin had closed 6.44% higher at $4.13 on the Nasdaq.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.