China’s used car trading platform Uxin raising $230m via convertible notes

Sports utility vehicles (SUVs) waiting to be exported are seen at a port in Lianyungang, Jiangsu province, China April 5, 2018. REUTERS/Stringer/Files

Uxin Limited, a Chinese used car trading platform that raised $225 million from its public offering on the Nasdaq last year, is roping in additional investors by issuing $230 million worth of convertible notes through a private placement, the company said in a disclosure.

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