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58.com CEO joins Uxin board

Michael Yao Jinbo, CEO of classified giant 58.com (NYSE: WUBA), has been named to the board of directors of Uxin (Nasdaq: XIN) amidst a significant executive shake-up. This comes a week after 58.com and others made a $230 million U.S. investment in the b-to-b and...

Uxin CMO Cindy Wang resigns

Cindy Wang, the chief marketing officer at used auto marketplace Uxin (Nasdaq: XIN) has resigned. Wang joined Uxin in 2016 from Uber. Her replacement has not yet been named.  This content is part of our business intelligence service. Please click the button below to...

Growth shows signs of leveling off for 58.com

Chinese classifieds giant 58.com (NYSE: WUBA) saw profits increase by 30 percent year-over-year in Q1, but this was only in line with an equivalent rise in the company’s outlay on advertising, as paying user growth has begun to stagnate. Total revenues were just...