Kaixin Auto Receives Approval to Acquire E-commerce Platform Haitaoche

The acquisition of Haitaoche will allow Kaixin Auto to tap into China’s fast-growing e-commerce auto market. (Source: Kaixin Auto)

Chinese secondhand car dealership Kaixin Auto Holdings on Thursday said it has received approval from Nasdaq to acquire Haitaoche, an e-commerce platform for imported cars.

Talks of the acquisition began last November before t…