Back to Mobile View
Subscribe to the CrunchBase Daily for the latest on Fundings, Acquisitions, and Startup Events


Post IPO Valuation

General Information


Beijing, CHN
Chaoyang District, Beijing Anding Road
Changxin Building 39, Room 1105
Beijing, 100029, CHN


VP, Finance
President &CEO
Senior Product Manager
Technical Director
HR Director
Product Director


Series A, 2/2006
SAIF Partners
Series B, 5/2008
SAIF Partners
Venture Round, 4/2010
SAIF Partners
Series C, 12/2010
Warburg Pincus
Series D, 2011
Warburg Pincus


web is a classified advertisements website serving local merchants and consumers.

As the leading online classified advertising company in China, the company’s platform addresses individuals’ and small businesses’ needs to publish information and advertise their service offerings in local communities. also offers a package of services for business partners. The package includes target consumer group identification, services and products advertising, effective online marketing service, and customer relations management. Its aim is to provide a forum for the low income and jobless group., founded in December 12, 2005 and headquartered in Beijing, is basically China’s for-profit version of Craig’s List in the United States. As of November 2010, has set up branches in 32 cities with 6500 full-time staff. To date, has received $25 million in funding as investments from Softbank Asia Infrastructure Fund (SAIF) Partners and DCM. It began trading on the New York Stock Exchange on October 31, 2013.

As the biggest online classified publisher, provides free, localized and credible information for voluntary users.

As of June 2011, claimed to have 50 million registered users. The site’s user base continues to grow with more than 50,000 new users added per day. The number of page views per unique visitor per day is 10 with 1 million posts per day. Due to its increasing website traffic volume and number of unique visitors and page views, is ranked the first among local life service websites. faces stiff competition from and

Recent Milestones

  • Stock
    Went public with stock symbol NYSE:WUBA. (10/18/13)
    Posted 10/18/13 at 12:48pm
  • Dollar received $55M in Series D funding. (1/1/11)
    Posted 12/13/13 at 8:43am
  • Dollar received $60M in Series C funding. (12/1/10)
    Posted 12/13/13 at 8:44am
  • Dollar received $15M in Venture Round funding. (4/21/10)
    Posted 4/21/10 at 5:52pm via
  • Dollar received $5.78M in Series B funding. (5/28/08)
    Posted 5/18/09 at 7:34pm via
  • Dollar received $5M in Series A funding. (2/1/06)
    Posted 12/13/13 at 8:46am
  • Check added Jingbo Yao as President &CEO.
    Posted 12/15/13 at 12:46am
  • Check added Julian Cheng as Director.
    Posted 3/24/14 at 12:58pm


Screenshots screenshot
Above: Screenshot -- #1
Uploaded: 2/11/14

Stock Price


  1. Citation Needed [add]
  2. receives $5.78 mln investment from SAIF Partners ( [edit]
  3. Chinese Classifieds Site Raises $15 Million ( [edit]
  4. Citation Needed [add]
  5. Citation Needed [add]
Edit This Page
Last Edited 3/25/14

Revision History RSS Picture

Jobs & Fundraising


Share this page on Twitter or Facebook:
Or copy this code to embed a widget: customize »

TechCrunch Posts TechCrunch Logo Small Picture

External Links

CrunchBase API


Become a Sponsor
Terms of Service | Privacy Policy | Licensing Policy