According to a report on Sina.cn today, Golden Pacer's majority shareholder is in fact 58.com, suggesting that the sale may be only the latest ramification of the $100 million U.S. investment in Uxin made by 58.com in late May. One week after it was announced, 58.com CEO Michael Yao Jinbo was named to the board of directors of Uxin amidst a significant executive shake-up. 

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