China: Used-car trading platform Uxin eyes up to $500m in US IPO

Traffic travels along the Second Ring Road in Beijing, China, on Wednesday, Dec. 2, 2015. Photographer: Qilai Shen/Bloomberg

China’s used car trading platform Uxin Limited has filed for an initial public offering (IPO) in the US, targeting to raise up to $500 million to boost service capabilities and fund potential investments and acquisitions.

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