Used car retailer Youxin Group announced the signing of a letter of intent to invest
On March 18, Beijing time, ahead of the US stock market, China's leading used car retailer UXIN.US (UXIN.US) announced the signing of a letter of intent to invest. Dai Kun, founder, chairman and CEO of the company, and NC Fund, a fund focused on investment in the automotive industry, will jointly invest about US$34.8 million (approximately RMB 250 million) in Youxin Group.