58.com

58.com operates an online classified advertisements serving local merchants and consumers in China. Read more

124 Followers on Owler
124 Followers on Owler
124 Followers on Owler
124 Followers on Owler

58.com

58.com operates an online classified advertisements serving local merchants and consumers in China. Read more

Mark Haoyong Yang's photo - Co-CEO of 58.com

Co-CEO

Mark Haoyong Yang

CEO Approval Rating

73/100

Founded:

06/2005

Status:

PrivateIndependent Company

58.COM TOP COMPETITORS OR ALTERNATIVES

RANK

COMPANY

CEO

CEO RATING

EMPLOYEES

FUNDING

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Baixing is a top competitor of 58.com. Baixing is a Private company that was founded in 2005 in Shanghai, Shanghai Municipality. Baixing operates in the industry. Compared to 58.com, Baixing has 21,663 fewer employees.

Edeng is seen as one of 58.com's biggest rivals. Edeng was founded in 2004, and is headquartered in Beijing, Beijing Municipality. Edeng operates in the industry. Edeng generates $1.7B less revenue vs. 58.com.

ACTTAO is seen as one of 58.com's top competitors. ACTTAO was founded in Chaoyang, Beijing Municipality} in 2008. ACTTAO competes in the industry. Compared to 58.com, ACTTAO generates $1.7B less revenue.

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Growth Score - 1/1

Is $1.7B a good estimate for 58.com's revenue?

58.com Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Mofangwangpin (Beijing) Technology Co., Ltd.

Sep 2020

Source »
undisclosed
Mofang HR is a mobile-based recruitment platform that allows users to search and find career opportunities.

-

B2B Business, Uxin Limited

Mar 2020

Source »
$105M
-
xgo

Aug 2015

Source »
$16.1M
Xgo is a Chinese based online platform to look for new and used car reviews and trending news.
ChinaHR

May 2015

Source »
undisclosed
Chinahr is an online portal for job search in China.

These are all the companies that 58.com has acquired. 58.com has acquired 4 companies and its latest acquisition was Mofangwangpin (Beijing) Technology Co., Ltd. in Sep 2020. Mofang HR is a mobile-based recruitment platform that allows users to search and find career opportunities.

58.com Funding History

Since 58.com was founded in 06/2005, it has participated in 2 rounds of funding. In total 58.com has raised $202.0M. 58.com's last funding round was on Oct 2013 for a total of $187.0M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

IPO
Oct 2013
$187M

Equity
Apr 2010
$15M

Since 58.com was founded in 06/2005, it has participated in 2 rounds of funding. In total 58.com has raised $202.0M. 58.com's last funding round was on Oct 2013 for a total of $187.0M

58.com Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

Zhuan Zhuan is a China-based online used goods trading platform that allows individuals to buy and sell secondhand clothes, electrical appliances and household products.
$300M
Sep 10, 2019
Series B
-
JuLive is a Beijing-based real estate agency that allows users to search and find apartments and houses for rent.
-
Jun 14, 2017
Series B
-
Ganji.com is an online classified information platform.
$412M
Apr 19, 2015
Equity
-
Tubatu is an online interior decoration service platform that connects homeowners with designers and construction material providers.
$200M
Mar 11, 2015
Series C
-
Bao driving provides car rental services in China.
$30M
Dec 09, 2014
Series A
-

These are all the companies that 58.com has invested in. 58.com has invested 4 companies and its latest investment was Mofangwangpin (Beijing) Technology Co., Ltd. in Sep 2020. Mofang HR is a mobile-based recruitment platform that allows users to search and find career opportunities.

58.com News

June 28, 2020ChinaTechNews

58.com Operating Revenue Down 15% In Q1 2020

China's 58.com recently published its financial report for the first quarter ended March 31, 2020, st... See more »
June 26, 2020MarketScreener

Records 1Q Profit

(marketscreener.com) By Matt Grossman 58.com Inc. reported a first-quarter profit on Friday, includin... See more »
June 19, 2020MarketScreener

58.com Inc :. to Report First Quarter 2020 Financial Results on June 26, 2020

(marketscreener.com) BEIJING, June 19, 2020 /PRNewswire/ -- 58.com Inc. , China's largest online mark... See more »
June 15, 2020MarketScreener

Halper Sadeh LLP Announces Investigation Into Whether The Sale Of 58.com Inc. Is Fair To Shareholders; Investors Are Encouraged To Contact The Firm

(marketscreener.com) NEW YORK, June 15, 2020 /PRNewswire/ -- Halper Sadeh LLP, a global investor righ... See more »
June 15, 2020Reuters

UPDATE 2-China's 58.com to go private in $8.7 billion deal

* Deal for $56/ADS; Shares up nearly 10% (Adds details on ownership, Chinese take-private deals)... See more »

58.com Press Releases

June 15, 2020centralcharts

58.com Enters into a Definitive Agreement for Going-Private Transaction

58.com Enters into a Definitive Agreement for Going-Private Transaction PR Newswire BEIJING, June 15,... See more »
May 7, 2020PR Newswire

58.com's Zhuan Zhuan Used-Goods Trading Platform to Acquire Operator of Zhaoliangji App

BEIJING, May 7, 2020 /PRNewswire/ -- 58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"), China's la... See more »
April 30, 2020centralcharts

58.com Announces Receipt of Updated Preliminary Non-Binding Proposal

58.com Announces Receipt of Updated Preliminary Non-Binding Proposal PR Newswire BEIJING, April 30, 2... See more »
April 13, 2020centralcharts

58.com Announces Changes to Board and New Chief Strategic Officer

58.com Announces Changes to Board and New Chief Strategic Officer PR Newswire BEIJING, April 13, 2020... See more »
April 12, 2020freePRnow

Classified Advertisements Services Market Insights 2025| Key Players:OLX Group,58.com,Craigslist

This report focuses on the global Classified Advertisements Services status, future forecast, growth ... See more »
April 2, 2020centralcharts

58.com Announces Receipt of a Preliminary Non-Binding Proposal to Acquire the Company

58.com Announces Receipt of a Preliminary Non-Binding Proposal to Acquire the Company PR Newswire BEI... See more »
March 24, 2020PR Newswire Asia

58.com Purchases B2B Online Used Car Auction Business from Uxin

BEIJING, March 24, 2020 /PRNewswire/ -- 58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"), China's... See more »

Social Media

58.com Headquarters

Room 1105, Changxin Building 39

Chaoyang, Beijing Municipality100029

86-10-5796-08888

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58.com Summary

ABOUT

Overview

58.com operates an online classified advertisements serving local merchants and consumers in China. 58.com was founded in 06/2005. 58.com's headquarters is located in Chaoyang, Beijing Municipality, CN 100029. It has raised 202.0M in 2 rounds. The lat...

CEO

58.com's Co-CEO, Mark Haoyong Yang, currently has an approval rating of 73%. 58.com's primary competitors are Baixing, Edeng & ACTTAO.

Website

58.com

Frequently Asked Questions about 58.com

  1. When was 58.com founded?

    58.com was founded in 06/2005
  2. Who is 58.com's CEO?

    58.com's CEO is Mark Haoyong Yang
  3. How much revenue does 58.com generate?

    58.com generates $1.7B in revenue
  4. How much funding does 58.com have?

    58.com has historically raised $202M in funding
  5. Where is 58.com's headquarters?

    58.com's headquarters is in Chaoyang Beijing Municipality, CN
  1. How many employees does 58.com have?

    58.com has 21,743 employees
  2. What sector does 58.com operate in?

    58.com is in Educational Technology (Ed Tech)
  3. Who are 58.com's competitors?

    58.com's top competitors are Baixing, Edeng, ACTTAO
  4. Who has 58.com invested in?

    58.com's has invested in companies such as Zhuanzhuan, Julive, Beijing Feixiangren Information Technology Ltd.