The project is a ‘key step’ in Uxin’s nationwide expansion of its used car superstore network, said CSO Wenbing Jing, following the openings of superstores in Xi’an, Hefei, Wuhan, and Zhengzhou.

Explaining the choice of Guangzhou, Wenbing Jing pointed out that the city “offers a compelling combination of strategic location, pro-business environment, and a well-established automotive industry.”

With a permanent population exceeding 18 million and more than 4 million registered vehicles, the city maintains one of the most active used car markets in China, according to Uxin. Guangzhou also hosts one of the country’s most advanced automotive parts and manufacturing ecosystems, Uzum said, which provides an “ideal foundation for Uxin’s large-scale used car retail operations through advanced reconditioning, one-stop shopping, and digitalized operations.”

Guangzhou is also one of China’s most important gateways for international trade, with a total import and export volume exceeding RMB1 trillion ($145 billion) in 2024. With the launch of the Guangzhou project, Uxin aims to strengthen its service capabilities and market presence across Southern China.

Cian CEO Dmitry Grigoriev clarified that for technical reasons, the company will not be able to pay out the entire amount of accumulated operating profit at this time, and he expects the next dividend to be paid in mid-2026 at about RUB50 or more per share, taking into account the accumulated operating profit remaining at the end of 2025, as well as the profit earned in 2026.

Additional rounds of exchange

The Group’s shareholder structure retains depository receipts of Cian Plc (now CN IJSC), whose holders were unable to participate in the main exchange for shares of Cian IJSC this spring. To ensure they receive a special dividend, the company announced the decision to conduct additional rounds of exchange of CN IJSC shares for shares of the publicly traded Cian IJSC. These rounds will take place after the automatic and forced conversions, the terms and conditions of which the company will announce separately.

Exchange after automatic conversion

On October 21, the automatic conversion of Cian PLC depositary receipts into shares of CN IJSC began. This procedure only affects those depositary receipts held by Russian depositories. The automatic conversion is expected to be completed no later than November 12, 2025.

Next, shareholders of MKAO CN will be offered an exchange of their shares for shares of Cian IJSC. This process is planned to be completed before the dividend cutoff date of December 12, to provide exchange participants with the opportunity to receive a special dividend.

Exchange after forced conversion

The forced conversion applicable to Cian Plc’s receipts in foreign depositories has not yet begun. According to Russian law, it cannot be initiated until December 15, i.e., after the dividend cutoff date.

Therefore, participants in the forced conversion of receipts into shares of CN IJSC and their subsequent exchange for shares of Cian IPJSC will be entitled to compensation for the special dividend amount. This compensation will be paid as part of the exchange of CN IJSC shares for shares of Cian IPJSC, and the details will be disclosed at the launch of the exchange, the company said.

AI scans code before it’s published, increasing the efficiency of threat prevention, speeding up such checks fivefold, Avito said. While a cybersecurity specialist would need almost six months to sift through 50,000 threat scanner alerts, AI needs only 6-8 hours, according to Avito.

The system detects 99% of all threats and instantly removes them from the code. This saves up to 25% of the on-duty cybersecurity specialist’s time, allowing them to focus on more complex tasks. The company plans to integrate AI into other areas of cybersecurity, such as risk assessment and threat modeling.

Avito’s system automatically analyzes code for sensitive data that could be exploited by attackers. Its proprietary A-Vibe model, trained on thousands of vulnerabilities, checks the code and identifies actual threats. The system works with the local DeepSecrets scanner, available on GitHub. It finds 99 out of 100 vulnerabilities, taking into account the code’s context. To ensure reliability, a multi-layered approach with additional algorithms and random checks by engineers is used, eliminating human error and making the system more effective than manual verification, said Andrey Usenok, head of information security at Avito.

“This technology fundamentally changes the allocation of resources—instead of spending hours checking false positives, our specialists can focus on architectural decisions and strategic defense planning. In the future, generative AI will allow us to model attack chains that haven’t yet occurred, predict critical vulnerability combinations, and create defenses that evolve in real time along with the threat landscape,” Usenok said.

Avito plans to expand the use of AI to other areas of cybersecurity, including automated risk assessment and threat modeling. This will enable code changes to be analyzed for new risks and potential attack vectors to be identified even at the design stage, before the code is written.

About half of the polled dealers consider Avito Auto the most technologically advanced site for car promotion and sales. Avto.ru ranks second with 21.3%, and Drom is third with 8.3%. Ozon and T-Bank Auto (both 1.8%) shared the fourth place.

Nikita Zakharov, Head of Fashion at Avito, estimated that 58% of shoppers purchased resale fashion items at least once last year. Among millennials and generation Z, this figure rises to 68%, he said, noting that fashion is one of the leading categories on Avito, accounting for 27% of all transactions and attracting over 27 million monthly visitors.

Premium brands are proving particularly popular in the resale market. Their share of the fashion category on Avito exceeds 15%, which is almost twice the luxury market share (8%) of the overall Russian clothing market. Young people aged 18-24 are quite prominent in second-hand purchases of clothing, electronics and furniture.

The changes in their shopping habits are driven by environmental concerns, and bargain hunting for rare and unique items that can be found among second-hand goods, Zakharov said. The most-in-demand are items with cultural and historic value, Zakharov observed, like those from the Soviet era. The resale of vintage items is a good entry point into business, he opined.

Almost half of Russians polled by Avito said they buy goods on resale sites, and one in five regularly sell unwanted items online. Every second respondent have listed items for sale or purchased them from private individuals at least once. “Most often, users sell clothing, shoes, electronics, and children’s goods. For some, it’s a way to make money, for others, it’s a way to free up space,” observed Alexey Li, commercial director of Avito Goods.

In 2024, 41% of sellers earned up to RUB10,000 ($123) 8% earned between RUB10,000 and RUB30,000, and 5% earned more than RUB30,000. The average income among those who indicated a precise amount was RUB11,000.

OLX.kz is the No. 2 classifieds business in the country by overall traffic, with 9.2 million total monthly visits as of September, according to Similarweb. However, it’s likely No. 1 in general goods. Local fintech and e-commerce giant Kaspi holds the No. 1 position in the classifieds market due to its strong automotive and real estate verticals.

Veon Group is based in Dubai and primarily operates across CIS markets. It’s listed on the Nasdaq under the ticker (VEON). It owns locally popular mobile services brand Beeline. The acquisition is in line with the company’s goal of expanding its digital portfolio across the region.

“Beeline Kazakhstan is a leader in digital innovation for consumers and enterprises, and the acquisition of OLX KZ represents a significant opportunity to further enhance the digital operator’s offering to customers,” said Kaan Terzioglu, Veon Group CEO. “I am happy to welcome the OLX KZ team, who have successfully developed a consistently profitable, market-leading business in Kazakhstan, to the Veon family and look forward to the opportunities that this new digital vertical will create for the group’s digital operator strategy.”

“I am excited about the potential synergies we see from integrating Kazakhstan’s leading online classifieds business into Beeline Kazakhstan’s digital services ecosystem. OLX KZ will make it possible for us to offer customers a more comprehensive and better-integrated set of digital services, while also reaching more users with one of the market-leading businesses,” said Evgeniy Nastradin, CEO of Beeline Kazakhstan.

“We’re proud of what our team in Kazakhstan has built with OLX KZ — a trusted, scaled marketplace serving millions of Kazakhs every day,” commented Christian Gisy, CEO of Prosus-owned OLX Group. “This transaction aligns with our strategy to focus on core categories and key markets, while placing OLX KZ with an owner that brings deep local reach and a powerful digital ecosystem.”

Beeline Kazakhstan’s acquisition of OLX.kz is subject to regulatory approvals and customary closing conditions. OLX Group will provide certain IT-related support services to OLX.kz over a transitional period. The transaction is expected to close by the first quarter of 2026.

Beeline Kazakhstan serves 11 million local customers with mobile connectivity and 2 million with fixed internet services. Over the past five years, leveraging its expertise in digital solution development, Beeline has created an ecosystem of 60 internal and external products. Originally a Russia-based business, Veon serves nearly 160 million customers across five markets in Europe and Asia after exiting Russia in 2023.