Craigslist of China, 58.com, Gets Analyst Buy Rating

By | November 26, 2013

Scalper1 News

Pacific Crest Securities initiated coverage of China-based online classified ad provider 58.com (WUBA) on Tuesday with an outperform, or buy, rating, and the stock rose. The Beijing-based company was founded in 2005 and is the No. 1 online classified ad provider in China, similar to Craigslist. The company provides a market for individuals and businesses to list and acquire products and services. This includes listings for jobs, used goods, autos, Scalper1 News

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