China's Uxin Group raises $500m funding co-led by PE giant TPG

China's Uxin Group raises $500m funding co-led by PE giant TPG

Photo: Bloomberg

China-based online used-car company Uxin Group has raised $500 million funding co-led by global private equity firm TPG, along with Chinese multi-family office Jeneration Capital and value investment firm China Vision Capital.

Other existing and new investors who participated in the round include Warburg Pincus, Tiger Gobal Management, Hillhouse Capital, KKR & Co LP and Huasheng Capital.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter