China's Uxin up on strong results

Uxin

27/11/2019 13:30

** Shares of Uxin Ltd  UXIN.O , which operates a used-car
ecommerce platform in China, rise ~7% to $2.79 premarket
    ** Q3 rev surges 33.4%, buoyed by strength in its consumer
unit, which allows individuals to buy used cars
    ** Revenue triples in the unit, transaction volume and gross
merchandise volume more than double  urn:newsml:reuters.com:*:nGNXcbDHTT
    ** Rev slumps 62.5% in its unit that provides car dealers a
platform to source used cars, as co shifts focus towards its
consumer business
    ** Up to Tuesday's close, shares down 46.3% for the year

 (Reporting by C Nivedita in Bengaluru)
 ((C.Nivedita@thomsonreuters.com))