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Ex-58.com Shareholder Sued for Stealthy Share Transfer

Netease Tech, 10/28/13

Cheng Handong, Chairman of Business Opportunity Online, operator of online franchising site 28.com, has been sued by Liu Xuanfu, the company's largest shareholder, for actions severely damaging to shareholder interests in secretly signing an agreement with Yao Jinbo, Founder and CEO of online classifieds website 58.com, in December 2009. Read More