58.com, China’s Largest Classifieds Site, Acquires Rival Ganji.com

58.com, China’s largest classified site by monthly unique visitors, has bought rival Ganji.com. Beijing-based 58.com forked over $412.2 million in cash as well 34 million newly issued shares for a 4

58.com, The “Craigslist of China,” Goes Public On The New York Stock Exchange

<a target="_blank" href="http://www.58.com/">58.com</a>, the online classifieds marketplace often referred to as the "Craigslist of China," will hold its initial public offering of 11 million American