China: Classifieds marketplace 58.com to buy Nasdaq-listed Uxin's biz for $105m

China: Classifieds marketplace 58.com to buy Nasdaq-listed Uxin's biz for $105m

Photo: Alex Suprun

China’s largest classifieds marketplace 58.com on Tuesday announced that it will be purchasing Nasdaq-listed online used automobile dealer Uxin’s B2B car auction business for $105 million in cash.