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58.com Inc. engages in the operation of online classifieds and listing platforms. Its businesses include include Zhuan Zhua, an online used good trading platform; 58 Home, an online home and moving services platform; Che Hao Duo, an online used and new car trading platform which contains Guazi, the used car platform; and Mao Dou, the new car platform. Read More The company was founded by Jin Bo Yao in December 2005 and is headquartered in Beijing, China.
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Simply Wall StMar 15
What Should You Know About 58.com Inc.’s (NYSE:WUBA) Growth?
On 31 December 2018, 58.com Inc. (NYSE:WUBA) announced its earnings update. Overall, analyst consensus outlook appear cautiously subdued, with profits predicted to rise by 19% next year against the higher past 5-year average growth rate of 46%. With trailing-twelve-month net income at current levels of CN¥2.0b, we should see this rise to CN¥2.4b in 2020. Below is a brief commentary around 58.com’s earnings outlook going forward, which may give you a sense of market sentiment for the company. Readers that ar...
NYSE:WUBA - Stock Price, News, & Analysis for 58.com
58.com Inc. operates online classifieds and listing platforms that enable local businesses and consumers to connect, share information, and conduct business in the People's Republic of China. It operates multi-content category online classified platforms primarily under the 58 and Ganji names; and Anjuke, an online real estate listing platform. The company's platform provides various content categories, including jobs, real estate, used goods, automotive, yellow pages, and other local services categories. I...
Simply Wall StMar 4
Is 58.com Inc.’s (NYSE:WUBA) 9.7% Return On Capital Employed Good News?
Today we’ll evaluate 58.com Inc. (NYSE:WUBA) to determine whether it could have potential as an investment idea. To be precise, we’ll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. First, we’ll go over how we calculate ROCE. Second, we’ll look at its ROCE compared to similar companies. Finally, we’ll look at how its current liabilities affect its ROCE. Understanding Return On Capital Employed (ROCE) ROCE measures the amount of pre-tax profits ...
Expected May 22, After Hours