Uxin Limited (UXIN) Limited Reports Declining Transaction Volume and Gross Merchandise Value
Uxin Limited (UXIN) reported that transaction volume for one of its business segments had declined 8.5% year-over-year and gross merchandise value had declined 14.8% due to its recent change of approach in serving customers with car-selling needs. Shareholder rights law firm Robbins LLP is investigating whether certain officers and directors of Uxin Limited (NASDAQ: UXIN) breached their fiduciary duties to shareholders. Uxin Limited is a used car e-commerce platform doing business in China.
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