by Tom Marling | Nov 26, 2019 | Recruitment
Third-party mobile analytics provider Analysys.cn has released its Q3 2019 online job board report (in Chinese), identifying some worrying macro trends for a sector that continues to be dominated by horizontal superpower 58.com (NYSE: WUBA). According to...
by Tom Marling | Nov 25, 2019 | Marketplaces, Financials / Deals
Chinese e-commerce giant Alibaba (NYSE: BABA) raised $11 billion U.S. in a long-awaited Hong Kong stock sale. Alibaba now sits sitting on $43 billion in cash, second only to Apple among publicly listed, non-financial companies. Alibaba said in its prospectus that the...
by Tom Marling | Nov 22, 2019 | Automotive, People on the Move
The largest site in China for auto transactions and information, AutoHome (NYSE: ATHM), has announced a shake-up in its senior management. Jingyu Zhang has been named co-president of the company alongside incumbent president Haifeng Shao, while Xiao Wang will be the...
by Tom Marling | Nov 19, 2019 | Marketplaces, Financials / Deals
Chinese classifieds giant 58.com (NYSE: WUBA) surpassed $600 million U.S. in revenue in Q2 — a 20.5% year-over-year increase. However, the total number of paying clients was stagnant for the second straight quarter, up just 3%, with membership revenues up just...
by Tom Marling | Nov 18, 2019 | Real Estate, Financials / Deals, People on the Move
Chinese real estate site Fang.com (NYSE: SFUN) continued its minor rebound in Q3, with total revenues of just over $67 million U.S. — an 11.8% year-over-year increase. This marks the company’s second straight quarter of year-over-year revenue growth...
