“N+” — the open platform hub for real estate agents and property developers launched by classified horizontal 58.com (NYSE: WUBA) and its property listings subsidiary Anjuke in January — has been making solid progress. This is according to comments by 58.com CEO Michael Yao Jinbo (in Chinese).
N+ has signed up more than 30,000 property developers and 300,000 real estate agents, Yao confirmed. The platform offers algorithm-driven matching between developers and agents, as well as customer leads.
58.com’s revenue from primary property listings increased 50 percent year-over-year in 2018. Representatives of the company confirmed that MAUs across horizontals 58.com and Ganji‘s property sections and vertical Anjuke regularly top 200 million. They have reportedly “peaked at close to 300 million [MAUs].”
The Beijing-based company promoted Zhao Yuyang 赵彤阳 to the position of vice president earlier this year. She’s now in charge of new property listings and reports to 58.com vice president and Anjuke COO Ye Bing 叶兵.
58.com is currently facing off with Beike (AKA, Ke.com), an open source property listings platform launched by Beijing agency brand Lianjia in April 2018. The company has since confirmed that Beike will become its own independent business entity.