# 58.com

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/58-com

- Industry: Internet
- Headquarters: Beijing, China
- Website: www.about.58.com
- Total disclosed funding: $110M
- Latest round: Series D (Dec 1, 2011)
- Investors on record: 2

## About

Founded in 2005 and based in Beijing, China, 58.com Inc. operates as a lifestyle service and information online platform for merchants and consumers. The company’s platform known as 58.com, provides information about listing for real estate, online recruitment, living information, etc. In 2013, the company was listed in the NYSE under the ticker symbol WUBA. In 2020, the company was delisted as a result of a merger with Quantum Bloom Group Ltd. The founder of 58.com Inc. is Jinbo Yao.

The company mainly operates an online lifestyle service platform known as 58.com. The platform provides lifestyle information and services in various fields such as real estate, second-hand car market, recruitment, homecare services, etc. Business entities can make advertisements or upload listings on the platform.

The revenue and net income of the company in 2019 were CNY 2.232 billion and CNY 1.21 billion, respectively.

## Funding rounds

- Series D, Dec 1, 2011, $55M — Warburg Pincus
- Series B, Dec 9, 2010, $45M — Warburg Pincus, DCM
- Series A, Mar 1, 2010, $10M — DCM

## Investors

- DCM (https://capitalatlas.ai/funds/dcm) — Series A, Series B
- Warburg Pincus (https://capitalatlas.ai/funds/warburg-pincus) — Series B, Series D