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16 January 2017

Big Deal: Uxin drives away with $500m

The used car e-commerce platform, backed by Baidu, Tencent, Legend Holdings and Bertelsmann, is one of many well-funded players doing battle in China.

Author: Robert Lavine, News Editor

Uxin, a China-based used vehicle marketplace backed by internet company Baidu, has raised $500m in new funding, China Money Network reported today, showing the worth of the country’s transportation startup space extends beyond ride ordering.