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Golden Fortune Company Invests in Uxin’s Convertible Note Financing

Beijing / Shanghai / Hong Kong – Paul Hastings LLP, a leading global law firm, announced today that it advised Golden Fortune Company Limited (as investor) and ICBC Asset Management (Global) Company Limited (as investment manager of the investor) on the investor’s US$75 million investment in Uxin’s convertible note financing.

Uxin is the largest used car e-commerce platform in China in terms of both the number of transactions facilitated and total gross merchandise volume in 2017.  Uxin recently completed its IPO on the Nasdaq Global Select Market under the symbol “UXIN.” 

The Paul Hastings team was led by partners Meka Qingkai Meng, David Wang, Paul Guan, and Jia Yan.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.