Chinese Classifieds Site 58.com Announces Profitability

TechWeb, 1/07/10

Yan Jinbo, CEO of online classifieds site 58.com, has said that in 2009, 58.com grew by several times, and saw the most rapid development in any year since its founding. 2009 was also the company's first profitable year. Yan said the company would continue to focus on increasing volume and enhancing user experience. Yan added that 58.com currently has 20 mln registered users and several million daily active users, with tens of thousands of posts made daily.

Editor's Note: The figure of 20 mln registered users is double that which the company reported in early July. For more background, please see "58.com Users Surge to 10 Mln", MD 7/09/09 issue.

Keywords: Yan Jinbo profit growth rate Internet online classifieds 58.com active users registered users

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