Tag: Baixing (百姓网)



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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