Chinese used car trading platform Renrenche, valued at $1.4 billion in 2018, could now sell for just over $1,000, Bloomberg reported. Backed by Goldman Sachs and Tencent, Renrenche reportedly plans to sell its major assets to Chinese classified advertisements website 58.Com Inc for $1,290. A Renrenche representative called the details inaccurate but didn't specify what exactly was inaccurate.