\ Guazi Announces Series B Financing
Company News: Page (1) of 1 - 06/16/17

Guazi Announces Series B Financing

 

June 16, 2017 --

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

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/guazi-announces-series-b-financing-300475138.html

SOURCE 58.com

Copyright 2014 PR Newswire. All Rights Reserved

Page: 1
Related Keywords:China, Inc., Business, china,

Source:PR Newswire. All Rights Reserved

Our Privacy Policy --- @ Copyright, 2015 Digital Media Online, All Rights Reserved

Webmaster
Privacy.