Uxin Raises $50mln with NIO Capital and Prestige Shine Group Investment.

Uxin Limited, China's leading used car retailer, has entered into definitive share subscription agreements with affiliates of NIO Capital and Prestige Shine Group Limited. The agreements involve the issuance of 5.25 billion Class A ordinary shares at $0.00953 per share, for a total consideration of $50 million. NIO Capital will invest $20 million, while Prestige Shine Group Limited will invest $30 million. The transactions are subject to customary closing conditions.