Benzinga | Apr 22, 2021 08:29AM EDT

Uxin Enters Partnership With JD.com To 'launch a self-operated online store for used car transactions through JD's platform.'

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 aUxin 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."