Overview

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Acquisitions
1 Acquisition
IPO / Stock
Went Public on Oct 31, 2013 / NYSE:WUBA
Headquarters:
Chaoyang
Description:
58.com is a classified advertisements website serving local merchants and consumers in China.
Founders:
Categories:
Internet, Software
Website:
http://www.58.com
Social:

Company Details

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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.

Funding Rounds (6) - $876.78M

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DateAmount / RoundValuationLead InvestorInvestors
Jun, 2014$736M / Post Ipo Equity1
2011$55M / Series D1
Dec, 2010$60M / Series C1
Apr, 2010$15M / Venture2
May, 2008$5.78M / Series B1
Feb, 2006$5M / Series A1

Acquisitions (1)

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DateAcquiredAmount
Apr 17, 2015$446.2M in Cash & Stock

Investments (2)

DateInvested InRoundPartner(s)
Mar, 2015$200M / Series C
Oct, 2014$25M / Series C (Lead)

Current Team (9)

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Board Members and Advisors (2)

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Sub Organizations (1)

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Offices/Locations (1)

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  • Headquarters

    Room 1105, Changxin Building 39

    Chaoyang, 100029

    CHN

Images (1)

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