Tag: Baixing (百姓网)


Baixing.com CFO Gao Yifeng resigns

Baixing.com CFO Gao Yifeng resigns

Baixing.com (百姓网), China’s third-ranked multi-category classifieds horizontal in terms of traffic (behind 58.com and Ganji.com), has accepted the resignation of its CFO, Gao Yifeng 高奕峰. Gao will continue in his role as a member of the company's board of directors, and as the secretary of the board. 


Baidu COO steps down

Baidu COO steps down

Lu joined the company last January to lead Baidu’s AI efforts. Before that, Andrew Ng, a leading figure in the world of artificial intelligence, left Baidu after serving as chief scientist, reportedly because of a rift with CEO Robin Li.



Baixing invests in video content producer

Baixing (百姓网), a leading classifieds site in China, played the role of angel investor when it pumped 5 million RMB ($750,000 U.S.) into the 4-month-old content producer Chengse Haiyang (橙色海洋). It appears Baixing may be interested in pursuing high-end video content for its platform via a close working relationship with Chengse Haiyang.

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58.com sites dominate used-car listings in China

58.com sites dominate used-car listings in China

58.com’s dominance of used autos in China remains unshaken, according to the latest figures from third-party analytics platform Gongpingjia.com (公平价). More than half of the nation’s used auto listings can be found on one of the company’s three major platforms – 58.com (58同城), Ganji.com (赶集网) and Guazi ershouche (瓜子二手车).  

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58.com sites dominate used-car listings in China

58.com sites dominate used-car listings in China

58.com’s dominance of used autos in China remains unshaken, according to the latest figures from third-party analytics platform Gongpingjia.com (公平价). More than half of the nation’s used auto listings can be found on one of the company’s three major platforms – 58.com (58同城), Ganji.com (赶集网) and Guazi ershouche (瓜子二手车).  

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58.com invests in co-living provider Wowqu

58.com invests in co-living provider Wowqu

58.com (NYSE: WUBA), China’s largest classifieds conglomerate, announced that it will be investing 50 million RMB ($7.5 million U.S.) in a pre-Series A funding round of Wowqu.cc (窝趣). The two companies will also enter into a strategic partnership, via 58.com’s real estate subsidiary Anjuke (安居客).   

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Baixing backs two wedding reception platforms

Baixing (百姓网), China’s second-largest classifieds horizontal after 58.com, announced two strategic investments in the hospitality sector. Firstly, Baixing provided series A funding for the wedding reception venue booking site Tuanyanwang.com (团宴网) worth 130 million RMB ($19.5 million U.S.) and got a stake of 11.29 percent in Tuanyanwang in return. The funding round valued the site in the billions of RMB.

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