Stock Track | Uxin Surges Over 9% in Pre-Market on Strategic Partnership in Hubei

Stock Track10-16

Uxin Ltd, a leading e-commerce platform for buying and selling used cars in China, saw its stock soar by 9.30% in pre-market trading on Tuesday, October 16. The surge came after the company announced a strategic partnership with the Wuhan City Economic & Technological Development Zone.

As per the partnership agreement, Uxin's subsidiary will contribute RMB 66.7 million (approximately $9.4 million) to a joint venture, while its partner, Wuhan Junshan, will contribute RMB 33.3 million (approximately $4.7 million). The joint venture aims to promote the automotive aftermarket industry in Hubei province, where Wuhan is the capital city.

This strategic move is expected to strengthen Uxin's presence in the rapidly growing used car market in Hubei and potentially boost its revenue streams. By leveraging local resources and expertise, the joint venture will likely enable Uxin to better cater to the needs of customers in the region and capitalize on the growing demand for used cars and related services.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1190568218?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-16 19:46","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1190568218","market":"us","top_or_hot":-1,"title":"Stock Track | Uxin Surges Over 9% in Pre-Market on Strategic Partnership in Hubei","media":"Stock Track","content":"<p>Uxin Ltd, a leading e-commerce platform for buying and selling used cars in China, saw its stock soar by 9.30% in pre-market trading on Tuesday, October 16. The surge came after the company announced a strategic partnership with the Wuhan City Economic & Technological Development Zone.</p>\n\n<p>As per the partnership agreement, Uxin's subsidiary will contribute RMB 66.7 million (approximately $9.4 million) to a joint venture, while its partner, Wuhan Junshan, will contribute RMB 33.3 million (approximately $4.7 million). The joint venture aims to promote the automotive aftermarket industry in Hubei province, where Wuhan is the capital city.</p>\n\n<p>This strategic move is expected to strengthen Uxin's presence in the rapidly growing used car market in Hubei and potentially boost its revenue streams. By leveraging local resources and expertise, the joint venture will likely enable Uxin to better cater to the needs of customers in the region and capitalize on the growing demand for used cars and related services.</p>","source":"ai_movement_en","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>Stock Track | Uxin Surges Over 9% in Pre-Market on Strategic Partnership in Hubei</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nStock Track | Uxin Surges Over 9% in Pre-Market on Strategic Partnership in Hubei\n</h2>\n\n<h4 class=\"meta\">\n\n2024-10-16 19:46 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Uxin Ltd, a leading e-commerce platform for buying and selling used cars in China, saw its stock soar by 9.30% in pre-market trading on Tuesday, October 16. The surge came after the company announced ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"UXIN","symbol_name":"优信","start_time":0,"source_url":"","article_id":"1190568218","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1190568218","pubTimestamp":1729079180,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Uxin Ltd, a leading e-commerce platform for buying and selling used cars in China, saw its stock soar by 9.30% in pre-market trading on Tuesday, October 16. The surge came after the company announced a strategic partnership with the Wuhan City Economic & Technological Development Zone.As per the partnership agreement, Uxin's subsidiary will contribute RMB 66.7 million  to a joint venture, while its partner, Wuhan Junshan, will contribute RMB 33.3 million . The joint venture aims to promote the a","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"UXIN":"优信"},"translate_title":"股票赛道优信因与湖北建立战略合作伙伴关系盘前大涨超9%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UXIN":1},"content_text":"Uxin Ltd, a leading e-commerce platform for buying and selling used cars in China, saw its stock soar by 9.30% in pre-market trading on Tuesday, October 16. The surge came after the company announced a strategic partnership with the Wuhan City Economic & Technological Development Zone.\nAs per the partnership agreement, Uxin's subsidiary will contribute RMB 66.7 million (approximately $9.4 million) to a joint venture, while its partner, Wuhan Junshan, will contribute RMB 33.3 million (approximately $4.7 million). The joint venture aims to promote the automotive aftermarket industry in Hubei province, where Wuhan is the capital city.\nThis strategic move is expected to strengthen Uxin's presence in the rapidly growing used car market in Hubei and potentially boost its revenue streams. By leveraging local resources and expertise, the joint venture will likely enable Uxin to better cater to the needs of customers in the region and capitalize on the growing demand for used cars and related services.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1190568218"}