Uxin Limited Secures $50M Funding from Prestige Shine Group and Nio Capital

Uxin Limited is set to receive $50 million in funding from Prestige Shine Group Limited and Nio Capital. The funding will be in exchange for 5.25 billion class A ordinary shares at $0.00953 each. Nio Capital will participate for $20 million and Prestige Shine Group Limited for $30 million. The transaction is subject to customary closing conditions.