58.com
AcquiredMake our life simple and better.
Beijing, China · Founded 2005 · $807.0M raised
- Total Funding
- $807.0M
- Last Round
- $736.0M Corporate RoundJun 2014
- Rounds
- 2
- Acquisition Date
- Sep 2020
About
58.com Inc. operates China's largest online marketplace for classifieds, as measured by monthly unique visitors on both its www.58.com website and mobile applications. Founded in 2005 in Beijing by Yao Jinbo, the platform enables local business users and consumer users to connect, share information, and conduct business across categories including jobs, real estate, automotive, and services. In 2015 the company acquired its main rival Ganji.com for $412 million in cash, and was taken private in 2020 at a valuation of approximately $8.7 billion.
Summary
58.com is an E-Commerce company based in Beijing, China, founded in 2005. It has raised $807.0M in total across 2 rounds, most recently a $736.0M Corporate Round round in Jun 2014. Investors include Tencent, DCM Ventures and Warburg Pincus.
Tech & App Stack
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Funding History
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Jun 2020
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Venture Round through Acquisition — per-round amounts, valuations, and who invested in each round.
Investors
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