Date
18 August 2017

58.com keen on web buys covering smaller cities, Bloomberg says

Classifieds website operator 58.com Inc. is on the lookout for acquisition opportunities in China to boost local information services, Bloomberg reported Wednesday, citing chairman and chief executive officer Yao JinboThe company, which has more than US$300 million of cash, is looking at Chinese internet companies that provide information searches in smaller cities, the report quoted Yao as saying. He said 58.com’s top top priority this year is mobile development.

– Contact HKEJ [email protected]

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