| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
151 |
| Employees |
20,000 |
| Revenues (TTM) (Millions $) |
2,233 |
| Net Income (TTM) (Millions $) |
1,211 |
| Cash Flow (TTM) (Millions $) |
369 |
| Capital Exp. (TTM) (Millions $) |
17 |
Business Description
58.com Inc. is a Chinese online classifieds marketplace that connects individuals and businesses seeking to buy, sell, or rent products or services. The company was founded in 2005 by Jinbo Yao, and its headquarters is located in Beijing, China. 58.com went public on the New York Stock Exchange in 2013 under the ticker symbol WUBA.
The company's platform offers a diverse range of classifieds and communications services, including job postings, real estate sales and rental listings, auto sales, and other general merchandise listings. It has a broad consumer base, with approximately 315 million monthly active users as of March 2021.
58.com's business model is primarily based on charging fees for certain classified ad services. The company also generates revenue by offering value-added services to its users, including payment processing and credit checks. The majority of its revenue comes from job postings and real estate sales and rental listings.
In addition to its online platform, 58.com has a mobile application that allows users to browse and post ads on-the-go. The app is available in both Chinese and English and has garnered approximately 157 million monthly active users as of March 2021.
The company has expanded its operations through strategic acquisitions in recent years. In 2015, it acquired Anjuke Inc., a leading online real estate marketplace. In 2018, it acquired 100% of the shares of the automotive services business of Chehaoduo Group. Additionally, in 2019, the company acquired the remaining stake in its peer-to-peer lending platform, called Zhongtai Financial International Ltd.
58.com Inc. has received numerous awards and recognitions, such as being named one of the "Most Creative Chinese Companies" by Forbes China in 2014 and 2015, and being included in the Forbes Global 2000 list in 2018 and 2019.
Overall, 58.com Inc. is a leading online classifieds marketplace in China, with a wide range of classified ad services and a broad consumer base. Its diverse revenue streams and strategic acquisitions have helped it maintain its market position and growth.
Company Address: Building 105, 10 Jiuxianqiao North Road Jia Beijing 100015
Company Phone Number: 10 5956-5858 Stock Exchange / Ticker: NYSE WUBA
|
%