58.com Inc. operates an online marketplace for local merchants and consumers in the People's Republic of China. Its online marketplace enables local merchants and consumers to connect, share information, and conduct business. The company's online marketplace contains local information in approximately 485 cities in various content categories, including jobs, real estate, used goods, automotive, and yellow pages. It offers membership services, such as merchant certification and listing benefits, as well as display of online storefronts; and online marketing services comprising listing services, such as real-time bidding and priority listing, and marketing services through collaboration with third party Internet companies. 58.com Inc. was founded in 2005 and is headquartered in Beijing, the People's Republic of China.
A strong 2Q beat for Chinese online-classifieds firm with revenue jumping 1/3 from a year earlier and core earnings up five-fold. Meanwhile, 58.com projects 3Q revenue growth of 25-30%, also easily above analysts' latest forecasts. The results could validate the 90% stock surge WUBA has seen in the US so far this year, reversing the slump seen of 2016. This will pop to $60
