58.com revenue up, profit down in Q2

20 Aug 2015
Online marketplace 58.com Inc., China's largest online marketplace serving local merchants and consumers, saw its revenue increase above expectations during the second quarter of the year, but a large increase in its operating expenses, primarily linked to the costs of marketing its 58 Home business, meant that it made a net loss overall. The company announced August 19 its unaudited financial re

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Don Gasper