58.com

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.

BEIJING, Sept. 18, 2020 /PRNewswire/ -- 58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"), China's largest online market place for classifieds, today announced the completion of the merger (the "Merger") with Quantum Bloom Company Ltd ("Merger Sub"), a wholly-owned subsidiary of...

58.com Announces Completion of Merger

BEIJING, Sept. 7, 2020 /PRNewswire/ -- 58.com Inc.

58.com Announces Shareholders' Approval of Merger Agreement

BEIJING, Aug. 7, 2020 /PRNewswire/ -- 58.com Inc.

58.com to Hold Extraordinary General Meeting of Shareholders

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Is 58.com Inc. (WUBA) Stock Undervalued Right Now?

NEW YORK, July 7, 2020 /PRNewswire/ -- 58.com Inc. (NYSE: WUBA) Lifshitz Law Firm, P.C. announces investigation into possible breach of fiduciary duties in connection with the sale of WUBA to Quantum Bloom Group Ltd. for $28.00 per class A or B share and $56.00 in cash for each American...

Lifshitz Law Firm, P.C. Announces Investigation of 58.com Inc.

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of 58.com Inc. (NYSE: WUBA) to Quantum Bloom Group Ltd. Under the terms of the proposed transaction, shareholders of 58.com will receive only $28.00 in cash for each class A or B share and $56.00 in cash for each American depositary share (“ADS”) of 58.com that they own. KSF is seeking to determine whether this c

58.COM INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of 58.com Inc. - WUBA

BEIJING, June 26, 2020 /PRNewswire/ -- 58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"), China's largest online classifieds marketplace, today reported its unaudited financial results for the first quarter ended March 31, 2020. First Quarter 2020 Highlights Total revenues were...

58.com Reports First Quarter 2020 Unaudited Financial Results

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NEW YORK, June 22, 2020 /PRNewswire/ -- 58.com Inc. (NYSE: WUBA) Lifshitz Law Firm, P.C. announces investigation into possible breach of fiduciary duties in connection with the sale of WUBA to Quantum Bloom Group Ltd. for $28.00 per class A or B share and $56.00 in cash for each American...

Lifshitz Law Firm, P.C. Announces Investigation

The Chinese classified-ad company has agreed to a buyout offer, subject to shareholder approval.

Why 58.com Stock Was Up Today

NEW YORK, June 15, 2020 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of 58.com Inc. (NYSE: WUBA) to a consortium of investors including Warburg Pincus Asia LLC, General Atlantic Singapore Fund Pte. Ltd. and Ocean Link Partners...

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

BEIJING, June 15, 2020 /PRNewswire/ -- 58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"), China's largest online classifieds marketplace, today announced that it has entered into a definitive Agreement and Plan of Merger (the "Merger Agreement") with Quantum Bloom Group Ltd, an...

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

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58.com Inc. (WUBA) CEO Michael Yao on Q4 2019 Results - Earnings Call Transcript

58.com Inc. (WUBA) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.

Moving Average Crossover Alert: 58.com

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58.com Inc. (WUBA) CEO Michael Yao on Q3 2019 Results - Earnings Call Transcript

The Craigslist of China posts a strong quarter in difficult conditions.

Why Shares of 58.com Soared Today

58.Com: Time To Load Up On This Value Play

58.com earnings for the third-quarter topped Wall Street estimates as the China internet company, which is similar to Craigslist, reported revenue of $602 million, up 17.5% from last year.
The post 58.com Earnings, Revenue Top Third-Quarter Estimates appeared first on Investor's Business Daily.

58.com Earnings, Revenue Top Third-Quarter Estimates

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News for 58.com Stock (WUBA)