58.com Q2 results better than expected

21 Aug 2014

58.com Inc., China’s largest online marketplace serving local merchants and consumers, has announced better-than-expected financial results for the second quarter of 2014. However, revenue estimates for the third quarter are on the weak side.

Total revenue was US$64.6 million, an 83.9 percent increase from the same period last year, exceeding the company’s forecast of between $61 million and $6

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Don Gasper