The investment of 58.com in Uxin may cast a key vote for the company’s second-hand car e-commerce model.
58.com is rumored to have all its staff work overtime in September in response to its falling performance.
58 Daojia will capitalize on the resources of Tencent and Alibaba to reach its development goals.
58.com & Ganji.com announces new automotive information service brand 58che.com to improve its automotive services ecosystem.
Chinese second-hand car trading platform Guazi.com announced that it landed USD 204.5 million in financing, bringing its valuation to USD one billion.
Tech financing this week – The home service arm of China’s Craigslist shakes up on-demand beauty services scene, & more
Our highlight of the week: Mobile app developer receives USD 100 million investment led by Qihoo 360; O2O home renovation startup aims to reset industry’s quality standards with pre-A financing; LeEco’s sports subsidiary may have scored USD 1 billion in Series B funding.
Yang Haoyong, Founder of classifieds site Ganji.com, explains why he stepped down as co-CEO of 58 Ganji to become CEO of the second-hand car trading platform Guazi.com.
58 Daojia has launched its housekeeping services in 28 Chinese cities. It will also introduce a leading certification system for housekeepers.
Our daily highlights: Duiba app receives USD 4.7 million investment; Suning opens first O2O center in Beijing; Smart POS Yunnex fundraises USD 15.8 million.
Don’t miss our daily highlights: Xiaomi moves into Africa and India; Huawei Mate 8 to launch Nov. 26; Tencent pours USD 1 billion into Meituan-Dianping.