58.com Inc. (NYSE:WUBA) signed a definitive agreement to acquire B2B Business of Uxin Limited for approximately $110 on March 24, 2020. As of April 29, 2020, Uxin Limited received $75 million. The transaction is subject to the review of the transferred assets following the completion of the transaction. The transactions contemplated under the definitive agreements are subject to customary closing conditions, and are currently expected to close by the first half of 2020.

58.com Inc. (NYSE:WUBA) completed the acquisition of B2B Business of Uxin Limited in April 2020.