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Tiny_m
Tiny_m
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2021-06-29
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Tiny_m
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2021-06-23
$Alibaba(BABA)$
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Tiny_m
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2021-06-16
That’s good
Why Nio Is Investing In Chinese Online Used Car Dealer Uxin
Chinese EV manufacturer NIO Inc, which has astrong competitive positioning in the Chinese EV market,
Why Nio Is Investing In Chinese Online Used Car Dealer Uxin
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","text":"That’s good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/169329542","repostId":"1181966550","repostType":2,"repost":{"id":"1181966550","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1623803685,"share":"https://ttm.financial/m/news/1181966550?lang=&edition=full","pubTime":"2021-06-16 08:34","market":"us","language":"en","title":"Why Nio Is Investing In Chinese Online Used Car Dealer Uxin","url":"https://stock-news.laohu8.com/highlight/detail?id=1181966550","media":"Benzinga","summary":"Chinese EV manufacturer NIO Inc, which has astrong competitive positioning in the Chinese EV market,","content":"<p>Chinese EV manufacturer <b>NIO Inc</b>, which has astrong competitive positioning in the Chinese EV market, is investing in a used car retailer.</p>\n<p><b>What Happened:</b>Beijing-based <b>Uxin Ltd</b>, which operates as a nationwide online used car dealer in China, said <b>Nio Capital,</b>the venture capital arm of Nio, and <b>Joy Capital</b> have agreed to invest up to $315 million in the company.</p>\n<p>Concurrently, Uxin said it has agreed with its convertible note-holders, including <b>58.com, TPG</b> and <b>Warburg Pincus</b>, to convert their convertible notes in an aggregate principal amount of $69 million into Class A ordinary shares of the company.</p>\n<p>More than 10 important investors, including NIO Capital, Joy Capital and the convertible notes holders, have agreed not to sell their shares in the next nine months.</p>\n<p>The transaction is subject to customary closing conditions stipulated in the agreements.</p>\n<p><b>Why It's Important:</b>Nio's founder, chairman and CEO<b>William Li</b>commended Uxin for its one-stop business model that provides car buyers nationwide with \"high quality vehicles and comprehensive after-sales services.\"</p>\n<p>Meanwhile, Joy Capital sees the investment as an attractive opportunity to take advantage of the booming used car market in China.</p>\n<p>For Nio, this should give a sense of déjà vu.</p>\n<p>The company was struggling with an acute cash crunch for much of 2019. Even as rumors regarding a potential bankruptcy swirled around, it received a lifeline in the form of state financial support from the local Hefei government, where its joint-venture manufacturing plant is situated.</p>\n<p>At last check, Nio shares were down 2.79% to $45.19 and Uxin, despite the fund infusion, was down 13.32% at $4.49.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Nio Is Investing In Chinese Online Used Car Dealer Uxin</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Nio Is Investing In Chinese Online Used Car Dealer Uxin\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-06-16 08:34</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Chinese EV manufacturer <b>NIO Inc</b>, which has astrong competitive positioning in the Chinese EV market, is investing in a used car retailer.</p>\n<p><b>What Happened:</b>Beijing-based <b>Uxin Ltd</b>, which operates as a nationwide online used car dealer in China, said <b>Nio Capital,</b>the venture capital arm of Nio, and <b>Joy Capital</b> have agreed to invest up to $315 million in the company.</p>\n<p>Concurrently, Uxin said it has agreed with its convertible note-holders, including <b>58.com, TPG</b> and <b>Warburg Pincus</b>, to convert their convertible notes in an aggregate principal amount of $69 million into Class A ordinary shares of the company.</p>\n<p>More than 10 important investors, including NIO Capital, Joy Capital and the convertible notes holders, have agreed not to sell their shares in the next nine months.</p>\n<p>The transaction is subject to customary closing conditions stipulated in the agreements.</p>\n<p><b>Why It's Important:</b>Nio's founder, chairman and CEO<b>William Li</b>commended Uxin for its one-stop business model that provides car buyers nationwide with \"high quality vehicles and comprehensive after-sales services.\"</p>\n<p>Meanwhile, Joy Capital sees the investment as an attractive opportunity to take advantage of the booming used car market in China.</p>\n<p>For Nio, this should give a sense of déjà vu.</p>\n<p>The company was struggling with an acute cash crunch for much of 2019. Even as rumors regarding a potential bankruptcy swirled around, it received a lifeline in the form of state financial support from the local Hefei government, where its joint-venture manufacturing plant is situated.</p>\n<p>At last check, Nio shares were down 2.79% to $45.19 and Uxin, despite the fund infusion, was down 13.32% at $4.49.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UXIN":"优信","NIO":"蔚来"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181966550","content_text":"Chinese EV manufacturer NIO Inc, which has astrong competitive positioning in the Chinese EV market, is investing in a used car retailer.\nWhat Happened:Beijing-based Uxin Ltd, which operates as a nationwide online used car dealer in China, said Nio Capital,the venture capital arm of Nio, and Joy Capital have agreed to invest up to $315 million in the company.\nConcurrently, Uxin said it has agreed with its convertible note-holders, including 58.com, TPG and Warburg Pincus, to convert their convertible notes in an aggregate principal amount of $69 million into Class A ordinary shares of the company.\nMore than 10 important investors, including NIO Capital, Joy Capital and the convertible notes holders, have agreed not to sell their shares in the next nine months.\nThe transaction is subject to customary closing conditions stipulated in the agreements.\nWhy It's Important:Nio's founder, chairman and CEOWilliam Licommended Uxin for its one-stop business model that provides car buyers nationwide with \"high quality vehicles and comprehensive after-sales services.\"\nMeanwhile, Joy Capital sees the investment as an attractive opportunity to take advantage of the booming used car market in China.\nFor Nio, this should give a sense of déjà vu.\nThe company was struggling with an acute cash crunch for much of 2019. Even as rumors regarding a potential bankruptcy swirled around, it received a lifeline in the form of state financial support from the local Hefei government, where its joint-venture manufacturing plant is situated.\nAt last check, Nio shares were down 2.79% to $45.19 and Uxin, despite the fund infusion, was down 13.32% at $4.49.","news_type":1,"symbols_score_info":{"NIO":0.9,"UXIN":0.9}},"isVote":1,"tweetType":1,"viewCount":87,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":false}