Brief: Uxin Outlines Active Measures In Response To Evolving Situation Associated With Covid-19

Uxin

02/03/2020 12:07

March 2 (Reuters) - Uxin Ltd  UXIN.O :
    * UXIN TAKES ACTIVE MEASURES TO ADAPT BUSINESS AND ENSURE
BUSINESS
CONTINUITY IN RESPONSE TO EVOLVING SITUATION ASSOCIATED WITH
COVID-19
    * UXIN - USED CAR INDUSTRY IN CHINA IS GRADUALLY RECOVERING
THOUGH
IT WILL TAKE SOME TIME BEFORE OPERATIONS RETURN TO NORMAL
    * UXIN - ROADS IN SOME REGIONS REMAIN CLOSED TO GENERAL
TRAFFIC
THAT HAS HINDERED FULFILLMENT OF USED CAR TRANSACTIONS
    * UXIN - ENACTING TEMPORARY WORK-LOAD BASED STAFFING PROGRAM
&
ALLOWING STAFF TO WORK REMOTELY IN CHINA DUE TO COVID-19
    * UXIN - STEADILY PUSHING FORWARD CLOSING OF SEVERAL ONGOING
TRANSACTION PROJECTS IN CHINA
    * UXIN - USED CAR SECTOR IN CHINA SEVERELY AFFECTED BY
COVID-19
WITH DISRUPTIONS IMPACTING INDUSTRY INFRASTRUCTURE
    * UXIN - LOGISTICS & DELIVERY OF USED CARS HAS BEEN
CHALLENGING AS
ROADS AND HIGHWAYS IN SOME REGIONS REMAIN CLOSED
    * UXIN - UPGRADING PURELY ONLINE PRODUCTS, SERVICES TO
GRADUALLY
BEGIN GROWING TRANSACTION VOLUMES AGAIN IN CHINA
    * UXIN - COVID-19 OUTBREAK, SOFTENING MACRO ENVIRONMENT WILL
PUT
SHORT-TERM PRESSURE DURING Q1 OF 2020 & MAY WEIGH ON Q2 TO SOME
EXTENT

Source text for Eikon:  ID:nGNX8pqW70 
Further company coverage:  UXIN.O 

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