Uxin Limited (NASDAQ:UXIN) Q2 2023 Earnings Call Transcript

Kun Dai:

Jack Wang: And thirdly, we digitize the management of the entire process enabling us to better understand our customers and the market so we can dynamically adjust our operations based on market changes. With Uxin’s 11-years of development in the industry, we have developed the best database and digital technologies in China’s used car industry. Digitization allows us to better understand the needs of our customers, so we can better select our used car offerings. Our intelligent pricing system also enables us to dynamically adjust prices based on market changes, as such we can better optimize our inventory structure and improve precision of our user acquisition efforts through different channels. We also leverage our digital systems to execute better analysis and management of our business, thus creating our unique capability to manage used car operations at a super large scale.

Kun Dai:

Jack Wang: And that’s how we managed to deliver growth under a challenging market environment. We hope to drive and the — we hope to drive the upgrade and development of China’s used car industry to a more — much more stage through what we’re doing. And I’m fully confident, in our business model, as COVID passes and the industry as a whole starts to recover, we will sustain our high quality growth in 2023.

Kun Dai:

Jack Wang: And that’s how we answer to TF Securities questions.

Operator: Thank you. Ladies and gentlemen, this concludes our question-and-answer session. I’d like to turn the conference back over to Jack Wang for closing remarks.

Jack Wang: Alright. Thank you, everyone, again, for joining our call today and for your continued support in Uxin. We look forward to speaking to you again soon in the future. We wish you all a nice day, and Happy New Year ahead.

Operator: Thank you. Ladies and gentlemen, this concludes today’s conference call. We thank you all for attending today’s presentation. You may now disconnect your lines, and have a wonderful day.