58.com Announces Completion of Merger
BEIJING, Sept. 18, 2020 /PRNewswire/ -- 58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"),China's largest online market place for classifieds, today announced the completion of the merger (the "Merger") with Quantum Bloom Company Ltd ("Merger Sub"), a wholly-owned subsidiary of Quantum Bloom G...
58.com Announces Shareholders' Approval of Merger Agreement
BEIJING, Sept. 7, 2020 /PRNewswire/ -- 58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"),China's largest online market place for classifieds, today announced that at an extraordinary general meeting of shareholders held today, the Company's shareholders voted in favor of, among other things, t...
58.com to Hold Extraordinary General Meeting of Shareholders
BEIJING, Aug. 7, 2020 /PRNewswire/ -- 58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"),China's largest online market place for classifieds, today announced it has called an extraordinary general meeting of shareholders (the "EGM"), to be held onSeptember 7, 2020 at 10:30 a.m. (Beijing time), ...
58.com Reports First Quarter 2020 Unaudited Financial Results
BEIJING, June 26, 2020 /PRNewswire/ -- 58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"),China's largest online classifieds marketplace, today reported its unaudited financial results for the first quarter endedMarch 31, 2020. First Quarter 2020 Highlights * Total revenues were RMB2,560.3 m...
58.com Inc. to Report First Quarter 2020 Financial Results on June 26, 2020
BEIJING, June 19, 2020 /PRNewswire/ -- 58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"),China's largest online market place for classifieds, today announced that it plans to release its unaudited financial results for the first quarter endedMarch 31, 2020 before the open of U.S. markets on F...
58.com Enters into a Definitive Agreement for Going-Private Transaction
BEIJING, June 15, 2020 /PRNewswire/ -- 58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"),China's largest online classifieds marketplace, today announced that it has entered into a definitive Agreement and Plan of Merger (the "Merger Agreement") with Quantum Bloom Group Ltd, an exempted company...
58.com's Zhuan Zhuan Used-Goods Trading Platform to Acquire Operator of Zhaoliangji App
BEIJING, May 7, 2020 /PRNewswire/ -- 58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"),China's largest online classifieds marketplace, today announced that Zhuan Zhuan, an online used goods trading platform and a consolidated subsidiary of 58.com, has entered into definitive agreements to acqu...
58.com Announces Receipt of Updated Preliminary Non-Binding Proposal
BEIJING, April 30, 2020 /PRNewswire/ -- 58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"),China's largest online classifieds marketplace, today announced that its Board of Directors (the "Board") has received a preliminary non-binding proposal letter datedApril 30, 2020 (the "Proposal Letter")...
58.com Files Annual Report on Form 20-F for Fiscal Year 2019
BEIJING, April 29, 2020 /PRNewswire/ -- 58.com Inc. (NYSE: WUBA) ("58.com" or "the Company"),China's largest online classifieds marketplace, today announced that it filed its annual report on Form 20-F for the fiscal year endedDecember 31, 2019 with the Securities and Exchange Commission ("SEC") ...
58.com Announces Appointment of Independent Financial Advisor and Legal Counsel to the Special Committee
BEIJING, April 27, 2020 /PRNewswire/ -- 58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"),China's largest online classifieds marketplace, today announced that the special committee (the "Special Committee") of the Company's board of directors (the "Board"), formed to evaluate and consider the ...
58.com Converted Profit Participation Right and Acquired Shares of Golden Pacer
BEIJING, April 23, 2020 /PRNewswire/ -- 58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"),China's largest online classifieds marketplace, today announced that it closed the transaction whereby it converted its profit participation right with respect toGolden Pacer into approximately 40.0% of t...
58.com Announces Formation of Special Committee to Evaluate and Consider Non-Binding Proposal or Any Alternative Strategic Option
BEIJING, April 20, 2020 /PRNewswire/ -- 58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"),China's largest online classifieds marketplace, today announced that its Board of Directors (the "Board") has formed a special committee (the "Special Committee") consisting of two independent directors, ...
58.com Announces Changes to Board and New Chief Strategic Officer
BEIJING, April 13, 2020 /PRNewswire/ -- 58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"),China's largest online classifieds marketplace, today announced changes to its board of directors (the "Board") and appointment of new Chief Strategic Officer. 58.com has appointed Ms. Lily Li Dong and M...
58.com Announces Receipt of a Preliminary Non-Binding Proposal to Acquire the Company
BEIJING, April 2, 2020 /PRNewswire/ -- 58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"),China's largest online classifieds marketplace, today announced that its Board of Directors (the "Board") has received a preliminary non-binding proposal letter datedApr 2, 2020 (the "Proposal Letter") fro...
58.com Purchases B2B Online Used Car Auction Business from Uxin
BEIJING, March 24, 2020 /PRNewswire/ -- 58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"),China's largest online classifieds marketplace, today announced that it entered into definitive agreements with Uxin Limited ("Uxin") (Nasdaq: UXIN), a leading national online used car dealer inChina, to ...
58.com Reports Fourth Quarter and Fiscal Year 2019 Unaudited Financial Results
BEIJING, March 11, 2020 /PRNewswire/ -- 58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"),China's largest online classifieds marketplace, today reported its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2019. Fourth Quarter 2019 Financial Highlights *...
58.com Inc. to Report Fourth Quarter and Full Year 2019 Financial Results on March 12, 2020
BEIJING, March 5, 2020 /PRNewswire/ -- 58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"),China's largest online market place for classifieds, today announced that it will release its unaudited financial results for the fourth quarter and full year endedDecember 31, 2019 before the open of U.S....
58.com to Hold Annual General Meeting on December 19, 2019
BEIJING, Dec. 2, 2019 /PRNewswire/ -- 58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"),China's largest online market place for classifieds, today announced that it will hold its annual general meeting of shareholders ("AGM") onFriday, December 19, 2019, at 2:00 p.m. (local time), at 42/F Edin...
58.com Reports Third Quarter 2019 Unaudited Financial Results
BEIJING, Nov. 18, 2019 /PRNewswire/ -- 58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"),China's largest online market place for classifieds, today reported its unaudited financial results for the third quarter endedSeptember 30, 2019. Third Quarter 2019 Highlights * Total revenues were RM...
58.com Inc. to Report Third Quarter 2019 Financial Results on November 19, 2019
BEIJING, Nov. 11, 2019 /PRNewswire/ -- 58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"),China's largest online market place for classifieds, today announced that it plans to release its unaudited financial results for the third quarter endedSeptember 30, 2019 before the open of U.S. markets o...
