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58.com's Zhuan Zhuan to Acquire Used Handset Trading App Zhaoliangji
58.com, 4/07/20
Chinese online classifieds site 58.com (NYSE: WUBA) today announced that Zhuan Zhuan, an online used goods trading platform and a consolidated subsidiary of 58.com, has entered into definitive agreements to acquire a 100% equity interest in the operator of second-hand mobile phone trading app Zhaoliangji. Read More
58.com Receives Preliminary Non-Binding 'Going-Private' Proposal
58.com, 4/02/20
Chinese online classifieds site 58.com (NYSE: WUBA) today announced that it has received a preliminary non-binding proposal letter today from Ocean Link Partners Limited to acquire all of the outstanding ordinary shares of 58.com, including Class A ordinary shares represented by American depositary shares ("ADSs," each representing two Class A ordinary shares), for USD 27.5 in cash per Class A or Class B ordinary share, or USD 55.0 in cash per ADS. Read More
58.com Purchases Uxin's B2B Used Car Auction Platform
58.com, 3/24/20
Chinese online classifieds site 58.com (NYSE: WUBA) today announced that it has entered into definitive agreements with Uxin Limited (Nasdaq: UXIN), a leading national online used car dealer in China, to purchase certain assets and liabilities related to Uxin's B2B online used car auction business for a total cash consideration of USD 105 mln. Read More
58.com's Logistics Platform Kuaigou Dache May Launch Ride-hailing Service
Sina Tech, 9/12/18
Mobile local logistics platform Kuaigou Dache, operated by Chinese online classifieds site 58.com (NYSE: WUBA), recently held a strategic press conference to outline its future development strategy. Read More
Galaxy eSolutions Invests in O2O Smartphone Maintenance Platform 'Accelerate'
Cyzone, 7/17/18
Guangzhou-based Xiuke Information Technology, operator of O2O smartphone maintenance platform Jiasudu ("Accelerate"), recently announced the completion of RMB 8-digit Series A funding from Hong Kong-based cross-border e-commerce company Galaxy eSolutions. Read More
Baidu Launches In-app Applet Function
IT Home, 7/04/18
Chen Dou, a vice president at Chinese internet conglomerate Baidu (Nasdaq: BIDU), recently announced a new Baidu smart in-app applet function at the company's Baidu Create 2018 AI developer conference in Beijing. Read More
58.com's Logistics App 58 Suyun Merges with Van Rental App GoGoVan
iYiou, 8/28/17
Mobile logistics app 58 Suyun, operated by Chinese online classifieds site 58.com's (NYSE: WUBA) O2O life services subsidiary 58 Home, has merged with intra-city logistics platform GoGoVan, operated by Hong Kong-based Gogo Tech Limited. Read More
Car Maintenance App 'Happy Vehicle Nation' Secures RMB 300 Mln Series B
36Kr.com, 5/25/17
Shanghai-based Xiangtu Network Technology, developer of mobile car maintenance booking app Lechebang (literally "Happy Vehicle Nation"), has announced completion of RMB 300 mln in Series B funding led by Yuanyi Investment. Read More
Baidu, Xiaomi, Qihoo 360 Invest in Anti-Fraud Solutions Provider Nextdata
Lieyunwang, 3/02/17
Beijing-based anti-fraud solutions provider Shumei Times Technology (Nextdata) recently announced completion of USD 10 mln in Series A funding from Shunwei Capital Partners, Crystal Stream, internet company Baidu's (Nasdaq: BIDU) VC arm Baidu Ventures, and internet services and security software provider Qihoo 360. Read More
Tencent, 58.com Partner to Establish Unified House Listings Platform
Beijing Daily, 12/23/16
Chinese internet and mobile services firm Tencent (0700.HK) has announced plans to work with online classifieds site operator 58.com (NYSE: WUBA) to launch Tengcheng Real Estate Platform, a single platform that will bring together the second-hand housing listings from 58.com-operated websites 58.com, Anjuke.com, and Ganji.com, along with some listings for new housing. Read More
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