HomeEconomicUpgrading and re-opening the second-hand car store Youxin proves the new business...

Upgrading and re-opening the second-hand car store Youxin proves the new business model


Yongzhufang

The author Yang Ge, this article only represents the author’s own point of view.

Uxin Group (UXIN.US) certainly has an interesting long-term narrative as it commits to becoming China’s version of U.S. giants Carvana (CVNA.US) and Carmax (KMX.US ) in China’s large but highly fragmented used car market. ). The company’s latest results show that its superstore business model has achieved initial success. But in the short term, the company also faces the headwind of rapidly dwindling cash reserves. If a well-crafted financing…

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