Uxin
Used-car e-commerceChina
📉 Public < $1B
Peak $2.83 BillionToday
~-77%
from peak
- 🦄Became a unicorn2016
- 📈Peak valuation$2.83 Billion ’18
- 💔Became a Unitard2019
- 💸Last valuation~$651M
Current status
Listed on Nasdaq (UXIN) at roughly $0.6–0.7B market cap — about a quarter of its 2018 IPO peak
How it happened
Uxin was once China's largest online used-car marketplace, reaching a market capitalization of about $2.83B when it listed on Nasdaq in June 2018. Mounting losses, short-seller fraud allegations, a costly pivot away from its loan-facilitation business and the pandemic battered the stock; after a reverse split it has traded at roughly $0.6–0.7B — about a quarter of its IPO-day value — and has stayed well below the $1B unicorn line for years despite a turn toward used-car superstores.
Source: Macrotrends / YCharts / Nasdaq (China's largest used-car platform; June 2018 Nasdaq IPO at ~$2.83B peak market cap; sustained losses and a strategic overhaul; market cap ~$0.6–0.7B in 2024-25, long below $1B)
