About 58City
58City is a company based in Beijing (China) founded in 2005 was acquired by General Atlantic in June 2020. 58City has raised $140.78 million across 7 funding rounds from investors including General Atlantic, Warburg Pincus and DCM. 58City has completed 6 acquisitions, including Anjuke, ChinaHR and Ganji. 58City operates in a competitive market with competitors including eBay, Mercari, Wallapop, Avito and Quikr, among others.
- Headquarter Beijing, China
- Stage Public
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Sectors
Retail
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Phone
Locked
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Website
Locked
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Social
Locked
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$140.78 M (USD)
in 7 rounds
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Latest Funding Round
$57.5 M (USD), Post-IPO
Nov 14, 2018
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Investors
General Atlantic
& 4 more
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Employee Count
Not available
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Investments & Acquisitions
Anjuke
& 5 more
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Acquired by
General Atlantic
(Jun 15, 2020)
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People of 58City
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Leadership Team
10 people
Software Development Team
3 people
Sales and Marketing
2 people
Human Resources and Administration
2 people
Finance and Accounting
2 people
Data Analysis and Operations Team
2 people
Creative and Marketing Team
1 people
战略研究 Team
1 people
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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.
Investors in 58City
58City has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include General Atlantic, Warburg Pincus and DCM.
| Investor | Description | Founded Year | Domain | Location |
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Multi-stage private equity investments are pursued across diverse sectors.
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Locked | Locked | Locked | |
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Tech-focused seed, early, and mid-stage VC investments are made globally.
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Locked | Locked | Locked | |
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A leading private equity firm supporting high-growth enterprises in Asia.
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Locked | Locked | Locked |
Investor details for 58City
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by 58City
58City has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include Anjuke, ChinaHR and Ganji.
Investment portfolio details for 58City
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
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- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Applicant tracking solution is offered to businesses for recruitment.
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Locked | Locked | 2015 | Locked | |
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Online real estate listing platform
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Locked | Locked | 2007 | Locked | |
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Chinese domestic classifieds platform
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Locked | Locked | 2005 | Locked |
Complete acquisition details for 58City
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- Acquired stakes
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- Domains and locations
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Financial Statements - 58City
Detailed financials for 58City
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- Profit trends
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58City Comparisons
Peer comparison for 58City
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Competitors of 58City
58City operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as eBay, Mercari, Wallapop, Avito and Quikr, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
Multi-category consumer products are sold via an online marketplace platform.
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Used multi-category products are traded on an online marketplace platform.
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| Locked | Locked | Locked |
App-based marketplace and classified platform for multi-category products
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| Locked | Locked | Locked |
Multi-category second-hand products are offered via online marketplace platform.
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| Locked | Locked | Locked |
Online platform for second-hand listings and peer-to-peer transactions
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| Locked | Locked | Locked |
Online marketplace platform offering multi-category second-hand products
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Detailed competitors of 58City
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- Full company profiles
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Verified entity values are shown only after access is granted.
Latest news on 58City
Complete news archive for 58City
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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.
58City is a funded company, having raised a total of $140.78M across 7 funding rounds to date.
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 5 investors. Key investors include General Atlantic, Warburg Pincus, DCM, SAIF Partners China, and Ocean Link.