58.com Inc.
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58.com Inc. - overview
Established
2005
Location
Beijing, -, China
Primary Industry
Internet
About
Founded in 2005 and based in Beijing, China, 58. com Inc. operates as a lifestyle service and information online platform for merchants and consumers. The company’s platform known as 58.
com, provides information about listing for real estate, online recruitment, living information, etc. In 2013, the company was listed in the NYSE under the ticker symbol WUBA. In 2020, the company was delisted as a result of a merger with Quantum Bloom Group Ltd. The founder of 58.
com Inc. is Jinbo Yao. The company mainly operates an online lifestyle service platform known as 58. com.
The platform provides lifestyle information and services in various fields such as real estate, second-hand car market, recruitment, homecare services, etc. Business entities can make advertisements or upload listings on the platform. The revenue and net income of the company in 2019 were CNY 2. 232 billion and CNY 1.
21 billion, respectively.
Current Investors
Warburg Pincus, General Atlantic, Ocean Link
Primary Industry
Internet
Sub Industries
eMarketing/Digital Marketing, Consumer Products, Consumer Services, Education & Training Website, Retail, Web Applications, Search Engines, Sales & Marketing Software, Analytics & Performance Software
Website
www.about.58.com
Verticals
AdTech, Artificial Intelligence, Big Data, Cloud Computing, E-commerce, Mobile Apps
Company Stage
Mature
Total Amount Raised
Subscriber access only
58.com Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Public to Private | Completed | 58.com Inc. | - |
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