Competition between China’s online used car sellers is increasing, as are public spats among players.
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Posted inUp and Comers
Chinese second-hand car platform Uxin accuses rival of faking revenue data
This is not the first time Guazi has been accused of unfair competition and attempting to mislead the public.
Posted inUp and Comers
Briefing: Uxin to receive $230 million through private convertible note deal
China’s second-hand car trading market has witnessed the rise of several top players include Uxin, Renrenche, Guazi, and Souche.
Posted inUp and Comers
Briefing: Alibaba-backed used goods platform Idle Fish investing in content
The used goods resale sector has had its share of problems including counterfeit goods, merchandise quality, and even legal issues concerning the sale of endangered animals.
Posted inHeavy Hitters
Briefing: Alibaba’s e-auction unit sales exceeded RMB 500 billion in 2018
E-commerce players and specialized verticals such as used car platforms are operating their own auction platforms.
Posted inUp and Comers
Used car platform Uxin shares plunge after report urges ‘race to the exits’
Its stock price closed at almost one-tenth the value of its $10.49 peak price in December.
Posted inUp and Comers
Briefing: Auto platform Uxin narrows losses on swelling used car sales
The company seeks to increase its focus on its retail business to improve lower-tier city penetration.
Posted inTurf Wars
EV maker Xpeng has 15,000 orders for its P7 sedan
Starting at $38,400, the sedan is designed to compete with Tesla’s Model 3.
Posted inUp and Comers
Faraday Future’s Jia Yueting files for bankruptcy in US, to return to China
The cash-squeezed EV maker plans to meet with local governments about producing the FF81.
