BEIJING,
June 16, 2017 /PRNewswire/ -- 58.com
Inc. (NYSE: WUBA) ("58.com"), China's largest online marketplace serving
local merchants and consumers, today announced that Guazi.com Inc.
("Guazi"), the Company's minority-owned entity that operates a
consumer-to-consumer (C2C) used car trading platform, announced
over US$400 million in Series B
financing.
Participants in the Series B financing included existing
shareholders Sequoia Capital China, Matrix Partners China, BRV
Aster Fund, and Hike Capital as well as new investors such as H
Capital, New Trend Equity Investment Fund Partnership, Beijing
Jingxi Guigu Innovation Investment, and Dragoneer Investment Group
among others.
Guazi is a C2C used car trading platform which directly
links individual car sellers and buyers in China's rapidly growing used car
market.
About 58.com Inc.
58.com Inc. (NYSE: WUBA) operates China's largest online marketplace serving
local merchants and consumers, as measured by monthly unique
visitors on both its www.58.com website and mobile
applications. The Company's online marketplace enables local
merchants and consumers to connect, share information and conduct
business. 58.com's broad, in-depth and high quality local
information, combined with its easy-to-use website and mobile
applications, has made it a trusted marketplace for consumers.
58.com's strong brand recognition, large and growing user base,
merchant network and massive database of local information create a
powerful network effect. For more information on 58.com, please
visit http://www.58.com.
For more information, please contact:
58.com Inc.
ir@58.com
Christensen
In China
Mr. Christian Arnell
Phone: +86-10-5900-1548
E-mail: carnell@christensenir.com
In US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@ChristensenIR.com
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SOURCE 58.com