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Consumer Discretionary

Uxin Ltd. (UXIN US)

Year: 2019

Uxin operates an e-commerce platform for new and used cars in China. It listed on the NASDAQ in June 2018. In April 2019, it was attacked by short-seller J-Capital alleging that it was overstating transaction volumes, inflating revenue, overstating inventory, had undisclosed liabilities and management was siphoning cash out of the business. The report had little impact on the company's share price at the time and failed to prompt any director or auditor resignations. As such, the allegations remain unproven.

Last updated June 2022

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