US Stock Market Move | Uxin Ltd. Sponsored ADR(UXIN.US) rose more than 6% before market opened, and NIO Inc. Sponsored ADR Class A Capital and Prestige Shine signed a $50 million financing agreement.

On Friday, Uxin Ltd. Sponsored ADR (UXIN.US) rose over 6% in pre-market trading, reaching $3.80. In terms of news, on December 26, Uxin Ltd. Sponsored ADR announced a $50 million financing agreement with NIO Inc. Sponsored ADR Class A Capital and Prestige Shine. NIO Inc. Sponsored ADR Class A Capital will invest $20 million, while Prestige Shine will invest $30 million. The funds will be used for the company to establish 4 to 6 new second-hand car sales outlets by 2026. Dai Kun, the founder, chairman, and CEO of Uxin Ltd. Sponsored ADR Group, expressed his delight at receiving support from NIO Inc. Sponsored ADR Class A Capital and Prestige Shine. The further investment from existing shareholders demonstrates their strong approval and confidence in Uxin Ltd. Sponsored ADR's strategic direction, business model, and current progress.