Chinese Online Classifieds Marketplace 58.com Sells Stake In Car Trading Platform For $713M

58.com Inc., one of Chinese largest online marketplace for classifieds, last week unveiled in its quarterly financial report that the company has sealed an agreement to sell a certain proportion of its stake in online car trading platform Chehaoduo for US$713.6 million. 58.com said the deal was an unconsolidated minority investment inked with "a third-party […]

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