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PublicNYSE:WUBA
Date10/2013
Raised$1.7B
Post IPO Valuation

General Information

Offices

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

People

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

Funding

TOTAL $141M
FUNDING TOTAL $141M
Series A, 2/2006
SAIF Partners
$5M
Series B, 5/2008
SAIF Partners
$5.78M
Venture Round, 4/2010
DCM
SAIF Partners
$15M
Series C, 12/2010
Warburg Pincus
$60M
Series D, 2011
Warburg Pincus
$55M

Tags

web

58.com

58.com 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. 58.com 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.

58.com, 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, 58.com has set up branches in 32 cities with 6500 full-time staff. To date, 58.com 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, 58.com provides free, localized and credible information for voluntary users.

As of June 2011, 58.com 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, 58.com is ranked the first among local life service websites.

58.com faces stiff competition from Ganji.com and Baixing.com.

Recent Milestones

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

Videos

Screenshots

58.com screenshot
Above: 58.com Screenshot -- #1
Uploaded: 2/11/14

Stock Price

Sources

  1. Citation Needed [add]
  2. 58.com receives $5.78 mln investment from SAIF Partners (interfax.cn) [edit]
  3. Chinese Classifieds Site 58.com Raises $15 Million (paidcontent.org) [edit]
  4. Citation Needed [add]
  5. Citation Needed [add]
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Last Edited 3/25/14

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