Founded:
2005
Headquarters:
Chaoyang
Description:
58.com is a classified advertisements website serving local merchants and consumers in China.
Categories:
Software, Internet, Curated Web
Website:
http://www.58.com

Detailed Description

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58.com is a Chinese classified advertisements website enabling local merchants and consumers to publish information and advertise their service offerings in local communities.

58.com’s package includes target consumer group identification, services and products advertising, online marketing service, and customer relations management. Its aim is to provide a forum for the low income and jobless group. As the biggest online classifieds publisher, 58.com provides free, localized and credible information for voluntary users.

Founded on December 12, 2005, and headquartered in Beijing, 58.com is China's for-profit version of Craigslist in the United States. It 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 of November 2010, 58.com has set up branches in 32 cities, with 6,500 full-time staff serving over 50 million registered users. The site’s user base continues to grow, with more than 50,000 new users added per day. The average 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. Its main competitors include Ganji.com and Baixing.com.

Current Team (9)

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Funding Rounds (6) - $876.8M

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Investors (3)

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  • 7c9d2e0ab2e1d753b382907e36d6019b

    Warburg Pincus

    Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm...
  • 6d1b5d29adb9a24cb481dccf1fba7876

    SAIF Partners

    PE/VC in China & India
  • Cenbj937r9kznarywjz7

    DCM

    DCM is an early stage VC empowering the global ambitions of inspired entrepreneurs

Offices/Locations (1)

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  • Headquarters

    Room 1105, Changxin Building 39

    Chaoyang, 100029

    CHN

Images (1)

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  • F261ba47fb7a71063f06acf1ca1e6293

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