Inactive Instrument

58.com Inc.

WUBA

US31680Q1040

58.Com Inc. Reports Earnings Results for the First Quarter Ended March 31, 2020

June 26, 2020 at 06:00 am EDT

58.Com Inc. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced total revenue was CNY 2,560.342 million compared to CNY 3,028.253 million a year ago. Operating loss was CNY 55.843 million compared to operating Income of CNY 281.307 million a year ago. Net income was CNY 1,638.623 million compared to CNY 698.150 million a year ago. Basic earnings per share was CNY 5.47 compared to CNY 2.35 a year ago. Diluted earnings per share was CNY 5.41 compared to CNY 2.33 a year ago.

Latest news about 58.com Inc.

Shanghai Zhizu Iot Technology Co., Ltd. announced that it has received funding from Jintong Capital, 58.com Inc., Western Capital Management Co., Ltd., Anqing New Energy Investment and Development Co., Ltd and other investors	Jan. 14	CI
Beijing Interhouse Technology Co., Ltd. announced that it has received funding from Hongtai Capital Holdings, BRV Partners, LLC, 58.com Inc.	Nov. 29	CI
Beijing Interhouse Technology Co., Ltd. announced that it has received $15.7 million in funding from 58.com Inc., BRV Partners, LLC, Shengqu Information Technology Co., Ltd.	21-12-14	CI
Qicheng Pet Hospital Management Co., Ltd. announced that it has received $31 million in funding from Jingwei Venture Capital Investment Management Consulting Co., Ltd., 58.com Inc., Shanghai Yijing Investment Co., Ltd.	21-10-17	CI
Uditech announced that it has received $31.000000 million in funding from 58.com Inc., Yunfeng Capital, Jiangsu Guanda Group Co.,Ltd., Xinshang Capital and another investor.	21-10-17	CI
Beijing Naixue Education Technology Co., Ltd announced that it has received CNY 50 million in funding from Xiamen Taiya Dingfu Investment Management Co., Ltd., 58.com Inc., Zhongying Holdings, Plum Ventures	21-09-14	CI
Beijing Naixue Education Technology Co., Ltd announced that it has received CNY 30 million in funding from Zhejiang Zhong Ying Holding Group, 58.com Inc.	21-08-03	CI
Hangzhou Daifu Information Technology Ltd. announced that it has received $3.100000 million in funding from 58.com Inc. and other investors.	21-04-28	CI
58 Inc. Names Amy Sturdivant as New Managing Director of Economic Development	21-02-03	CI
58.com Inc.(NYSE:WUBA) dropped from S&P Global BMI Index	20-09-21	CI
58.com Inc.(NYSE:WUBA) dropped from FTSE All-World Index	20-09-18	CI
Ocean Link, Warburg Pincus Asia LLC, General Atlantic Singapore Fund Pte. Ltd, fund managed by General Atlantic Service Company, L.P., Ohio River Investment Limited, THL E Limited, Huang River Investment Limited and Jinbo Yao, the Chief Executive Officer of 58.com completed the acquisition of 58.com Inc.	20-09-16	CI
58.com Inc. acquired Mofang HR Technology Co., Ltd.	20-09-16	CI
AIpark announced that it has received $29.14 million in funding from 58.com Inc., and other investors	20-08-27	CI
Tencent : to Buy Rest Of Sogou Search Unit	20-07-29	DJ
Tencent : Bid Target Could Join Chinese Exodus From U.S. Markets	20-07-28	DJ
58 com : Records 1Q Profit	20-06-26	DJ
58.Com Inc. Reports Earnings Results for the First Quarter Ended March 31, 2020	20-06-26	CI
58.com Enters into a Definitive Agreement for Going-Private Transaction	20-06-16	CI
China's 58.com to go private in $8.7 billion deal	20-06-15	RE
Beijing Lingni Education Technology Co., Ltd. announced that it has received $1.413 million in funding from 58.com Inc., Sinovation Ventures Enterprise Management Limited	20-06-08	CI
Ocean Link Partners Enters into Agreement with 58.com	20-05-04	CI
Ocean Link Partners Updates the Proposed Transaction to 58.com	20-05-01	CI
58.com Inc. completed the acquisition of B2B Business of Uxin Limited.	20-04-29	CI
Beijing Naixue Education Technology Co., Ltd. announced that it has received $2.822 million in funding from Chuxin Capital Partners Co., Ltd., 58.com Inc.	20-04-28	CI

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Company Profile

58.com Inc. is a holding company. The Company's business consists of its online classifieds and listing platforms. Its online classifieds and listings platforms enable local merchants and consumers to connect, share information and conduct business in China. These platforms include 58, Ganji and Anjuke. 58 and Ganji are online multi-content category-classified advertising platforms, while Anjuke is an online real estate listing platform. In addition, 58 Daojia Inc., its subsidiary, operates a mobile-based closed-loop transactional platform for home services, which directly connects consumers and individual service providers for local services, such as home cleaning, moving services and manicure services provided at home. Its classifieds and listing platforms contain local information for over 480 cities across various content categories, including jobs, real estate, used goods, automotive and yellow pages. It also offers membership, online marketing services and e-commerce services.

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