Company Overview

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Founded:
2005
Headquarters:
Beijing
IPO:
Went Public on Oct 18, 2013
Stock:
NYSE:WUBA
Categories:
Internet, Curated Web

58 city is a Chinese classified ads site allowing users to browse and put goods up for sale, rent, seek co-operation and make friends.

Description

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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... See More

Current Team (9)

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Funding Rounds (5) - $140.80M

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Investors (3)

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  • 6d1b5d29adb9a24cb481dccf1fba7876

    SAIF Partners

    PE/VC in China & India
  • Cenbj937r9kznarywjz7

    DCM

    DCM is an early stage VC empowering the global ambitions of inspired entrepreneurs
  • 7c9d2e0ab2e1d753b382907e36d6019b

    Warburg Pincus

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

Offices/Locations (1)

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  • Office

    Chaoyang District, Beijing Anding Road

    Changxin Building 39, Room 1105

    Beijing, 100029

    CHN

Images (1)

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  • F261ba47fb7a71063f06acf1ca1e6293