Recent events
Recent events tied to this brand in public sources.
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2021
58同城 and 人人车 form deep cooperation
58同城 announced a deep cooperation with 人人车 to connect used-car platform resources and improve transaction circulation efficiency.
2021
58.com and China Mobile launch co-branded cards
58.com and China Mobile jointly launched three co-branded cards offering mobile services and 58.com VIP benefits.
2021
58.com and KPL open esports recruitment event
58.com and the King Pro League jointly opened a dedicated esports recruitment event aimed at connecting people seeking esports jobs with employers.
2021
Jiangsu consumer committee interviews second-hand trading platforms
The Jiangsu Consumer Council publicly interviewed 12 second-hand trading platforms over issues identified in a consumer survey, including suspected tolerance of counterfeit sales and problematic information. It required the platforms to self-inspect and rectify the identified issues and submit written adjustment plans by February 22, 2021. The report said 58.com had removed certain listings and closed accounts, while Xianyu had taken down items from users who violated rules.
2020
58.com completes privatization merger with Quantum Bloom
58.com announced that it completed its privatization merger with Quantum Bloom and requested suspension of trading in its American depositary shares on the New York Stock Exchange.
2020
58.com announces acquisition of Mofang Weile
58.com announced its acquisition of Mofang Weile, which was subsequently renamed 58 Mofang. The article describes the acquisition as combining 58.com’s recruitment platform and traffic with 58 Mofang’s recruitment-delivery services.
2020
58同城 wins annual CSR brand recognition
58同城's education-support project received the annual CSR brand recognition at the fourth CSR China Education Awards.
2020
58.com and Anjuke partner with Chuangfugang
58.com and Anjuke entered a broad cooperation with Chuangfugang to improve online presentation and develop commercial real-estate opportunities in the joint-office sector.
2020
58.com announces privatization merger agreement
58.com announced that it had signed a merger agreement with Quantum Bloom Group Ltd. Under the agreement, a buyer consortium would purchase all of 58.com’s issued ordinary shares for cash, at a transaction valuation of approximately $8.7 billion.
2020
58.com and Anjuke upgrade rental VR tools
58.com and Anjuke upgraded their rental VR tool series, opened VR listing photography to agents for free, and offered additional traffic support in eight Chinese cities. The free upgrade activity was set to continue through September 30.
2020
58.com launches 58 Life Service Lazy Card
58.com’s Home Services Selected section launched the 58 Life Service Card, including the Lazy Card. The Lazy Card bundles home cleaning, lock, plumbing and appliance-installation services; the article reports a price of 299 yuan for the listed services.
2020
58.com appoints independent directors and chief strategy officer
58.com announced the appointment of Dong Li and Du Ruipu as independent directors and Zhou Hao as chief strategy officer. Zhou Hao would continue as president of international business; Chen Xiaohua resigned as chief strategy officer, and Lin Xinhе resigned from the board and its committees.
2020
Ocean Link submits non-binding offer for 58.com
58.com’s board received a non-binding offer from Ocean Link to acquire all of the company’s outstanding ordinary shares for cash. On April 3, 58.com confirmed the offer and said its board would evaluate it.
2020
Regus partners with 58.com and Anjuke
Regus partnered with 58.com and Anjuke, placing seven Guangzhou office spaces on their co-working channel so users could browse the spaces online.
2020
58.com announces acquisition of Uxinpai business assets
58.com announced an agreement to acquire assets related to Uxinpai's business for $105 million.
2020
58同城 launches its 2020 recruitment advertising campaign
58同城 began running a new recruitment advertising campaign online and offline across nearly 30 cities in China, including outdoor advertising and placements on variety shows.
2020
58.com employees allege forced leave and pay cuts
Employees of 58.com reportedly alleged that the company had begun layoffs and was requiring employees to take two months of leave with reduced pay. 58.com said the report was untrue and described its staffing arrangements as normal business adjustments.
2020
58.com employee alleges layoffs and forced leave
An authenticated 58.com employee posted that the company had begun layoffs affecting 20% of staff and had unilaterally placed employees on leave without pay for two months, paying 1,760 yuan per month. These claims are reported allegations, not established findings.
2020
58.com faces allegations of employee furloughs and pay cuts
The article reports that employees alleged 58.com had begun layoffs and was requiring some employees to take two months of furlough at 80% of basic pay. 58.com’s public-relations department said the claims were untrue and that staffing arrangements were normal business adjustments.
2020
58.com wins Beijing Commercial Innovation Award
58.com won the Beijing Business News “Beijing Commercial Innovation Award” at the 2020 Beijing Commercial Brand Conference.