58.com, Chinese Classifieds Site Ganji Seen Merging
58.com (WUBA), the Chinese version of Craigslist, reportedly has agreed to merge with professional classifieds site Ganji.com. An announcement is expected Wednesday, after the two Chinese companies signed a memorandum of understanding on March 14, sources told the Financial Times. Ganji.com founder Hauyong Yang and 58.com founder Jinbo Yao are said to become co-chief executives of the combined company, which would be worth up to $10 billion. The