Uxin, a Chinese used car superstore company, has received a $15 million lifeline from ride-sharing company Dida, as Uxin continues to struggle financially. This investment, split between a share purchase and a loan, comes at a crucial time for Uxin, which has been burning through cash in its bid to achieve profitability. Despite facing stiff competition and a slowing Chinese economy, Uxin is aiming for profitability by the end of the year.
