Posts Tagged: 58City

Tencent pays $736 million to take 20% stake in 58.com, China's answer to Craigslist

Tencent now has 24% stake in 58.com, China’s answer to Craigslist

Tencent has paid over US$830 million to accumulate this stake in 58.com, which is China’s answer to Craigslist.

  • September 29, 2014
  • at 11:02 am
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China

China’s Craigslist set for US IPO next week, will raise up to $190 million

China’s biggest online classifieds site – with 130 million monthly unique users – is ready to IPO in the US. 58.com (58同...

  • October 22, 2013
  • at 11:40 am
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China's Craigslist set for US IPO next week, will raise up to $190 million

China’s Craigslist launches IPO, hits NYSE higher than expected at $22 per share

58.com (NYSE:WUBA), China’s top online classifieds site, has hit the New York Stock Exchange today for the first time. After initially...

  • October 31, 2013
  • at 9:53 pm
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