Baidu joins with Coatue, KKR in Uxin funding

The leading Chinese search engine Baidu Inc has entered the country’s burgeoning car market with a joint investment in an online secondhand car trading platform. Baidu, US-based private equity firm KKR & Co LP and Coatue Management Ltd, a US-based hedge fund, have jointly invested $170 million in China’s largest online used car auction company Uxin…