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Today's Research Reports on Trending Tickers: Alibaba and Uxin

ACCESSWIRE

NEW YORK, NY / ACCESSWIRE / December 7, 2018 / Alibaba shares were in the red while Uxin Limited shares were exploding on Thursday. Alibaba’ subsidiary Taobao has entered into a strategic partnership with Uxin Limited, sending shares of Uxin soaring.

The Market Edge Initiates Coverage on:

Alibaba Group Holding Limited
https://marketedgereport.com/report/BABA/

Uxin Limited
https://marketedgereport.com/report/UXIN/

Alibaba Group Holding Limited shares closed down 1.59% on about 25 million shares traded. It was announced yesterday that the company's subsidiary Taobao and Uxin Limited, China's biggest used car e-commerce platform were partnering up. According to the press release, through "the partnership, Uxin will further extend its leadership by integrating its nationwide supply chain of cross-regional transaction services and infrastructure with Taobao’s platform." Fan Jiang, President of Taobao stated, "We are excited to cooperate with Uxin to explore new retail opportunities in the used car vertical. With unparalleled understanding and expertise in China’s used car industry, Uxin has transformed the used car supply chain over the past seven years. By effectively tackling challenges throughout the used car transaction value chain, such as providing a wide selection of high-quality used cars, standardized used car inspections, value-added services and used car logistics, Uxin has created a close loop of efficient and professional used car transaction services. We are confident that Uxin will become an integral part of Alibaba’s ecosystem. Through the combination of Uxin’s nationwide supply chain and Alibaba’s massive traffic, our partnership will bring significant benefits to both used car consumers and business customers."

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Access The Market Edge's Alibaba Group Holding Limited Research Report:
https://marketedgereport.com/report/BABA/

Uxin Limited shares were exploding on Thursday closing up 31.47% after China's largest used car e-commerce platform announced a strategic partnership between it and Alibaba's subsidiary Taobao. The two companies are teaming up to "foster further growth and expand service opportunities for used car e-commerce in China," according to a press release yesterday. “As China’s largest used car e-commerce platform which pioneers in facilitating cross-regional transactions, Uxin’s platform shares many similarities with Taobao, which presents many areas for potential synergies,” said Kun Dai, Founder, Chairman and Chief Executive Officer of Uxin. “We are honored to work with Taobao to provide Chinese consumers with integrated used car transaction services.” He added, "Over the past few years, consumers have become increasingly receptive to buying used cars as a cost-effective alternative to new vehicles. This is particularly the case for consumers in lower-tier cities. With extremely limited used car selection in most cities, there is rapidly growing demand for an online platform that expands access to used cars from across the country. By combining Uxin’s unique ability to support cross-regional used car transactions with Taobao’s massive e-commerce traffic and superior data capabilities, we are confident that we can take the used car purchasing experience to the next level."

Access The Market Edge's Uxin Limited Research Report:
https://marketedgereport.com/report/UXIN/

Our Actionable Research on Alibaba Group Holding Limited (NYSE: BABA) and Uxin Limited (NASDAQ: UXIN) can be downloaded free of charge at The Market Edge.

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Disclaimer: This article is written by an independent contributor of MarketEdgeReport.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. MarketEdgeReport.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.marketedgereport.com/disclaimer.

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SOURCE: The Market Edge