‘Craigslist of China’ 58.com Tops, Stakes In To8to

By | March 9, 2015

Scalper1 News

58.com (WUBA) shares perked up following solid earnings and outlook, plus news that the “Craigslist of China” had bought a stake in online interior decoration service platform To8to. Shares of 58.com, an online Chinese marketplace, jumped 6.8% to 44.57 in the stock market today after rising as high as 45.58. The company earned 4 cents per American depositary receipt, down from 13 cents the year before but far above analyst views for a 12-cent Scalper1 News

Scalper1 News