Uxin Announces Inclusion in MSCI Global Small Cap Index

Rhea-AI Summary

Uxin Limited (NASDAQ: UXIN) announced its inclusion in the MSCI Global Small Cap Index - China, effective after the U.S. market close on November 30, 2021. This milestone reflects Uxin's successful business transformation to an inventory-owning model. CFO John Lin stated this achievement highlights the company's commitment to innovation and customer-centric practices. The MSCI index, which consists of 254 constituents, represents approximately 14% of the China equity universe. Uxin aims to empower consumers to purchase quality used cars online efficiently.

Positive

• Inclusion in the MSCI Global Small Cap Index enhances visibility and credibility for Uxin.
• Reflects the successful transformation to an inventory-owning business model.
• Demonstrates investor confidence in Uxin's long-term growth strategy.

Negative

• None.

BEIJING, Nov. 30, 2021 (GLOBE NEWSWIRE) -- Uxin Limited (“Uxin” or the “Company”) (NASDAQ: UXIN), a leading nationwide online used car dealer in China, today announced that it will be included in the MSCI Global Small Cap Index - China Index, effective after the U.S. market close on November 30, 2021.

Mr. John Lin, Chief Financial Officer of Uxin, commented, “Uxin’s inclusion in the MSCI Global Small Cap Index - China Index represents another key milestone, and a strong testament to the success of our business transformation into an inventory-owning model since last year. Uxin was the first Chinese used vehicle company to be publicly listed in the U.S. Over the past decade since our inception, our unwavering passion and laser-focused mission has been to empower people to easily purchase the car of their choice online. Our customer-centric practices continue to drive the optimization of our business model and we are committed to innovate and provide the best products and services that have made us who we are today. This milestone also reflects the confidence of investors in the Company’s long term growth strategy and solid nationwide leadership. We thank all our shareholders for their continued support and we will continue to operate the business responsibly and sustainably to deliver long term value to all shareholders.”

With over 45 years of expertise in research, data and technology, MSCI is a leading provider of critical decision support tools and services for the global investment community. The MSCI Global Small Cap Index - China Index is a free float-adjusted market capitalization index that is comprised of 254 constituents, and represents approximately 14% of the China equity universe⁽¹⁾. MSCI indexes are among the most respected and widely used benchmarks in the financial industry. The MSCI China Index is also a widely referenced benchmark among institutional investors. 
^{(1) Source: MSCI data}

About Uxin
Uxin Limited (Nasdaq: UXIN) is a leading nationwide online used car dealer in China. With its offerings of high-quality used cars and best-in-class purchasing services, Uxin’s mission is to enable people to buy the car of their choice online. Uxin’s one-stop online shopping mall provides consumers with a nationwide selection of value-for-money used cars, various value-added products and services as well as comprehensive aftersales services. Its online sales consultants offer professional consulting to facilitate a convenient and efficient car purchase for consumers in a timely fashion. Its comprehensive fulfillment network supports nationwide logistics and delivery as well as title transfers between different cities across China so as to fulfill these online transactions.

Safe Harbor Statement
This press release contains statements that may constitute “forward-looking” statements which are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about Uxin’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in Uxin’s filings with the United States Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Uxin does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media enquiries, please contact: 
Investor Relations
Joyce Tang
Tel: +86 10 5691-6765
Email: ir@xin.com

Eric Yuan
Christensen
Tel: +86 10 5900 1548
Email: uxin@christensenir.com

 

FAQ

What is the significance of Uxin being included in the MSCI Global Small Cap Index?

Uxin's inclusion in the MSCI Global Small Cap Index signifies increased visibility and credibility in the financial markets, potentially attracting more investors.

When did Uxin officially join the MSCI Global Small Cap Index?

Uxin officially joined the MSCI Global Small Cap Index after the U.S. market close on November 30, 2021.

How does Uxin's business model impact its stock performance?

Uxin's shift to an inventory-owning model is seen as a positive move, enhancing operational efficiency and potentially leading to improved stock performance.

What does the MSCI Global Small Cap Index represent?

The MSCI Global Small Cap Index includes 254 constituents and represents approximately 14% of the China equity universe, serving as a benchmark for institutional investors.