$75 million investment in Uxin’s convertible note financing

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 (Picture), David Wang, Paul Guan, and Jia Yan.

Involved fees earner: Meka Meng – Paul Hastings; David Wang – Paul Hastings; Jia Yan – Paul Hastings; Paul Guan – Paul Hastings;

Law Firms: Paul Hastings;

Clients: Golden Fortune Company Limited; ICBC Asset Management;

Author: Michael Patrini