Skip to main content
Isaac Francis Photo
Isaac Francis

Isaac Francis

GrafaFinance Journalist

Finance journalist at Grafa. Covers tech, crypto, and markets, making complex finance clear for all. Passionate about innovation and trends.

Articles by Isaac Francis

Grafa
Auto and cars

Uxin raises $50M from NIO Capital, Prestige Shine to expand used-car superstores

Uxin (NASDAQ:UXIN) has agreed to raise $50 million in new equity financing as the Nasdaq-listed company seeks to accelerate expansion in China’s used-car retail market.

The Beijing-based firm said it entered definitive share subscription agreements on Dec. 26 with affiliates of NIO Capital and Prestige Shine Group Limited.

Read more: Uxin raises $50M from NIO Capital, Prestige Shine to expand used-car superstores