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Fang loses $170 million US in FY2016

Fang Holdings (NYSE: SFUN), operator of a leading real estate site in China, posted a net loss of $170 million U.S. in FY2016, up from a loss of just $15 million U.S in FY2015, despite a rise in revenue. The fully diluted loss per ADS was $0.36 U.S.... Join now to...

58.com to launch classified sites in Hong Kong

Chinese online classifieds site 58.com Inc. (NYSE: WUBA) said it will roll out two of its online platforms in Hong Kong soon, to tap the city’s real-estate and lifestyle markets. The company, which runs the largest online marketplace in China, offer... Join now to...

58.com halves loss in FY2016, eyes breakeven

58.com Inc. (NYSE: WUBA), China's largest general classifieds platform, grew its revenue by an eye-opening 70 percent in FY2016, bolstered by job ads, which grew faster than all other categories on the site. This performance enabled the company to h... Join now to...