Chinese classifieds giant 58.com (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.

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