KKR joins $170m round for China used car trading platform
KKR has teamed up with search giant Baidu and US-based hedge fund sponsor Coatue to invest $170 million in Uxin, a Chinese online used car auction company best known for B2B platform Youxinpai.
The capital will be used to support Uxin's expansion in the B2C space, following the launch of Uxin Used Car, which connects auto retailers to used car buyers. A lot of investment in Chinese auto-trading...
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