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58.com Inc. operates online marketplace for local merchants and consumers in the People?s Republic of China. Its online marketplace enables local merchants and consumers to connect, share information, and conduct business. The company?s online marketplace contains local information in approximately 380 cities in various content categories, including housing, jobs, used goods, automotive, pets, tickets, yellow pages, and other local services. It offers membership services, such as merchant certification and listing benefits, as well as display of online storefronts; and online marketing services comprising listing services, such as real-time bidding and priority listing, and marketing services through collaboration with third party Internet companies. The company?s online marketplace also provides merchants with a marketing channel to reach a broad and targeted local consumer base. 58.com Inc. was founded in 2005 and is headquartered in Beijing, the People?s Republic of China.
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