About 58City
58City is a Retail company based in Beijing (China) founded in 2005, and was acquired by General Atlantic in June 2020. Online second-hand listing platform offering multi-category products and services. 58City has raised $140.78 million across 7 funding rounds from investors including KKR, Ctrip and The Carlyle Group. The company has 5,901 employees. 58City has completed 6 acquisitions, including Anjuke, ChinaHR and Ganji. Its website 58.com draws about 2.9 million monthly visits. Its focus areas include Horizontal E-Commerce, Second Hand, Listings and P2P.
Company details
58City was established in 2005 in Beijing, China, within the online marketplace sector. A platform is maintained for individuals and small businesses to post listings and advertise services in local communities. Multi-category second-hand products are featured, alongside support for business partners through services such as consumer targeting, product promotion, online marketing strategies, and customer relationship management. Operations focus on regional advertising and information dissemination.
- Headquarters Beijing, China
- Employees 5,901
- Stage Acquired
- SectorsRetail
- Website 58.com
- Social LinkedIn X
- Acquired by General Atlantic (Jun 2020)
- Total Equity Funding$140.78M (USD)
in 7 rounds
- Latest Funding Round$57.5M (USD), Post-IPO
Nov 2018
- InvestorsKKR
& 14 more
- Employee Count5,901
- Investments & AcquisitionsAnjuke
& 5 more
- Acquired byGeneral Atlantic
(Jun 2020)
Funding Insights of 58City
58City has successfully raised a total of $140.78M across 7 strategic funding rounds. The most recent funding activity was a Post-IPO round of $57.5 million completed in November 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $140.78M
- Total Rounds 7
- Last Round Post-IPO — $57.5M
- First Round $5M
(Feb 2006)
- Investors Count 15
All 7 funding rounds of 58City with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2018 | $57.5M | Post-IPO | – | – | – |
| Jun 2014 | $736M | Post-IPO | – | – | – |
| Jun 2011 | $55M | Series D | – | – | |
| Dec 2010 | $60M | Series C | – | – | |
| Apr 2010 | $15M | Series C | – | – | |
| May 2008 | $5.78M | Series B | – | – | |
| Feb 2006 | $5M | Series A | – | – |
| Date | Valuation | Stage |
|---|
Full valuation and stage history of 58City
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
15 investors in total: 15 institutional.
Investors in 58City
58City has secured backing from 15 investors, including venture fund and institutional investors. Prominent investors backing the company include KKR, Ctrip and The Carlyle Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multi-stage private equity investments are pursued across diverse sectors. | 1966 | warburgpincus.com | New York, United States | |
Tech-focused seed, early, and mid-stage VC investments are made globally. | dcm.com | Menlo Park, United States | ||
A leading private equity firm supporting high-growth enterprises in Asia. | saifpartners.com.cn | Chaoyang, China | ||
| oceanlp.com | ||||
Private equity fund focused on global markets | 1980 | generalatlantic.com | New York, United States | |
Jebsen Capital is engaged in multi-strategy investments for Jebsen Group. | 1895 | jebsen-capital.com | Hong Kong, Hong Kong | |
Seed-stage tech investments are made primarily in China. | longling.com | Xiamen, China | ||
Offline & Tech focused VC firm investing in early stage companies in the UK | 1993 | heralduk.com | London, United Kingdom | |
Multiple sectors are invested in by this private equity firm. | 1976 | kkr.com | New York, United States | |
Tech & Offline focused Seed stage VC Firm investing primarily in Asia and the US | zhenfund.com | Beijing, China |
Investor details for 58City
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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- Investor portfolios
- Co-investor network
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People of 58City
26 people are tracked at 58City (12 in leadership, 5 in board & advisors, 9 in team); the tracked headcount is 5,901.
| Name | Role | Group |
|---|---|---|
Jinbo Yao | Chairman and Chief Executive Officer | Leadership |
Hongyu Xing | Chief Technology Officer | Leadership |
Jiandong Zhuang | Senior Vice President of Sales | Leadership |
Minghui Xiang | Chief People Officer | Leadership |
Xiaoyang Li | Managing Director, Head Of M&a And Strategic Investment | Leadership |
Xiao He | Sr. Director Of User Experience Design | Leadership |
Chong Yu Wang | BU Finance Director | Leadership |
Lijun Jia | VP Of Business Intelligence Center | Leadership |
Harrison Xing | Chief Technology Officer | Leadership |
Xiangfei Jia | VP | Leadership |
Yuki Yan | Investment Director | Leadership |
Vincent Sun | Investment Director, International Business Development | Leadership |
Xiaoguang Wu | Director | Board & advisors |
Herman Yu | Independent Director | Board & advisors |
Eric Zhang | Independent Director | Board & advisors |
Lily Li Dong | Independent Director | Board & advisors |
Robert Frank Dodds | Independent Director | Board & advisors |
Elena Wu | Recruiting Manager | Team |
Cecilia Wang | Senior Business Analysis Manager | Team |
Jia Qiang Chu | Senior Data Warehouse Engineer | Team |
6 more people are available in the full profile.
Complete people profiles for 58City
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Team structure
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- Professional contacts
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Investments & Acquisitions by 58City
58City has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include Anjuke, ChinaHR and Ganji.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Applicant tracking solution is offered to businesses for recruitment. | mofanghr.com | Beijing, China | 2015 | Sep 2020 | •••• | |
Online job board | chinahr.com | Beijing, China | 1998 | May 2015 | •••• | |
Chinese domestic classifieds platform | ganji.com | Beijing, China | 2005 | Apr 2015 | $412.2M | |
O2O driving services booking platform | jxedt.com | Hangzhou, China | 2005 | Apr 2015 | •••• | |
Online real estate listing platform | anjuke.com | Shanghai, China | 2007 | Mar 2015 | •••• | |
Online job portal for blue collar jobs | m91.cn | Shanghai, China | 2004 | Nov 2014 | •••• |
Complete acquisition details for 58City
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of 58City
12 dated milestones of 58City across 15 years, from founding to its latest funding, stage changes and deals.
- Founded 58City is founded.
- Funding First funding round of $5.0M.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires M91.Cn.
- Acquisition Acquires Anjuke.
- Acquisition Acquires Jxedt.
- Acquisition Acquires Ganji.
- Acquisition Acquires ChinaHR.
- Funding Latest funding round, Post-IPO, of $57.5M.
- Milestone Reaches Unicorn status.
- Exit Acquired by General Atlantic.
- Acquisition Acquires MofangHR.
Web traffic of 58City
The website of 58City (58.com) receives about 2.9M visits a month.
- Monthly visits2.9M
▼ 9.2% vs previous month
Websites whose visitors overlap most with 58City. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| ganji.com | 100% | 28.9K | #874,573 | View details | |
| baixing.com | 100% | 25.5K | #959,371 | View details | |
edeng.cn | edeng.cn | 100% | – | ||
zhantai.com | zhantai.com | 99% | – | ||
h2h.cn | h2h.cn | 98% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for 58City
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Verified entity values are shown only after access is granted.
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Frequently Asked Questions about 58City
58City was founded in 2005 and raised its 1st funding round 1 year after it was founded.
58City is headquartered in Beijing, China. It is registered at Beijing, Beijing, China.
58City is a funded company, having raised a total of $140.78M across 7 funding rounds to date. The company's 1st funding round was a Series A of $5M, raised on Feb 2006.
58City has 5,901 employees.
58City was established in 2005 in Beijing, China, within the online marketplace sector. A platform is maintained for individuals and small businesses to post listings and advertise services in local communities. Multi-category second-hand products are featured, alongside support for business partners through services such as consumer targeting, product promotion, online marketing strategies, and customer relationship management. Operations focus on regional advertising and information dissemination.
58City has 15 investors. Key investors include KKR, Ctrip, The Carlyle Group, General Atlantic, and Warburg Pincus.
Yes. 58City was acquired by General Atlantic in June 2020.
The website of 58City receives about 2.9 million visits a month.