Kaixin auto holdings announces cooperation agreement between haitaoche and jingdong

Beijing, april 12, 2021 (globe newswire) -- kaixin auto holdings (“kaixin” or the “company”) (nasdaq: kxin) today announced that haitaoche limited (“haitaoche”) has signed into a cooperation agreement (“cooperation agreement”) with jingdong century trade limited (“jingdong”), a leading online retail platform (www.jd.com) in china to tap into china's fast-growing e-commerce auto market. kaixin entered into a definitive share purchase agreement with the shareholders of haitaoche on december 31, 2020, pursuant to which kaixin will acquire 100% of the share capital of haitaoche from the shareholders of haitaoche.1
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