Uxin is a technology company.
Uxin has raised $500.0M across 1 funding round.
Uxin has raised $500.0M in total across 1 funding round.
Uxin has raised $500.0M in total across 1 funding round.
Uxin's investors include 5Y Capital, Hans Tung, Qiming Venture Partners, Shunwei Capital, Tiger Global Management.
Uxin Limited (NASDAQ: UXIN) is China's leading online used car retailer, providing a one-stop platform for high-quality used vehicles, reconditioning, after-sales services, and value-added offerings like financing and insurance.[1][2][3] Operating an omni-channel model with nationwide inventory, offline centers, and door-to-door delivery, it serves individual buyers and wholesalers, addressing pain points such as limited selection, geography, and transparency through data-driven operations and technology innovation.[1][3] In 2024, Uxin's retail transaction volume surged from 3,100 units in Q1 to 8,500 in Q4, with over 30% quarter-over-quarter growth for three quarters, alongside gross margin expansion to 6.8% from 4.8%, fueled by faster inventory turnover and higher value-added services penetration.[2]
Founded in 2011 in Beijing, China, by Kun Dai, who remains Chairman and CEO, Uxin pioneered the online used car transaction platform in China.[2][3] Emerging from the need to enhance efficiency and trust in a fragmented market, it initially operated a commission-based model before shifting to an inventory-owning approach in September 2020 for better supply chain control and quality.[1][3] Over a decade, pivotal moments include building extensive industry data capabilities, launching brands like Uxin Used Car and Uxin Auction, and going public via IPO on June 27, 2018.[1][2][3] This evolution positioned Uxin as a market leader with 1,045 employees and a nationwide logistics network.[3]
(Note: A separate entity, UXIN Collaborative, focuses on design/tech talent matching but is distinct from Uxin Limited's automotive operations.[4])
Uxin rides China's used car market evolution toward brand-oriented, large-scale, standardized growth, leveraging digital supply chains to transform a traditionally opaque sector.[1][2] Timing aligns with rising demand for reliable, nationwide transactions amid economic recovery and tech adoption, where market forces like e-commerce penetration and data analytics favor leaders like Uxin.[1][2] As a pioneer, it influences the ecosystem by setting benchmarks in reconditioning, omni-channel retail, and AI efficiency, enabling industry-wide transparency and scalability while collaborating with partners for financing and insurance.[1][3]
Uxin's 2024 momentum—retail volume tripling quarterly, margin expansion, and strengthening finances—positions it for scaled superstore replication and AI-driven growth in a maturing market.[2] Upcoming trends like LLM integration and standardized operations will boost efficiency, while economic tailwinds in China could drive further penetration. Its influence may evolve as the sector leader, potentially expanding value-added services and exports, reinforcing its role in pioneering trust-based used car retail. This builds on its foundational shift to quality-owned inventory, solidifying long-term leadership.[1][2]
Uxin has raised $500.0M across 1 funding round. Most recently, it raised $500.0M Series D in January 2017.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jan 1, 2017 | $500.0M Series D | 5Y Capital, Hans Tung, Qiming Venture Partners, Shunwei Capital, Tiger Global Management |