China VC/Tech Weekly Roundup: China Finalizes Rules For New Board, 58.com Sells Stake In Chehaoduo For $713M
In this episode of China Money Podcast, listen to all the news headlines in the China venture and tech sector for the week of March 4 to March 8, with Eudora Wang sitting in for Nina Xiang in Hong Kong. Topics covered include China's securities watchdog finalized regulations for a Nasdaq-style innovation board to help the country's most valuable start-ups raise capital, Chinese online marketplace for classifieds, 58.com, entered into an agreement to sell its stake in online car trading platform Chehaoduo for US$713.6 million, and Baidu invested RMB3 billion (US$446 million) in Chinese electric vehicle start-up WM Motor. Be sure to subscribe to China Money Podcast for free in the iTunes store, or subscribe to our weekly newsletter.