Chinese classifieds giant (NYSE: WUBA) has reportedly sold a portion of its overall stake in auto marketplace company CheHaoDuo (AKA, CARS Group) to an undisclosed third party, for approximately $710 million U.S. The sell-off comes immediately after a $1.5 billion U.S. investment in CheHaoDuo from SoftBank's controversial Vision Fund, which was completed late last week.

This content is part of our business intelligence service. Please click the button below to learn more.