On the Record · 58.com
58.com acquisitions, on the record
The businesses 58.com bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
AnjukeWord for word“In March 2015, we acquired Anjuke, a major online real estate listing platform in China, for a combination of share consideration and cash, including 4.8 million newly issued ordinary shares of our company and US$160.2 million in cash.” 20-F for 2017 | acquisition | In March 2015 | 4.8 million newly issued ordinary shares of our company and US$160.2 million in cash |
GanjiWord for word“In April 2015, we acquired a less than 50% equity stake in Ganji, a major online local services platform in China, for a combination of share consideration and cash, including 34.0 million newly issued ordinary shares of our company and US$412.2 million in cash.” 20-F for 2017 | acquisition | In April 2015 | 34.0 million newly issued ordinary shares of our company and US$412.2 million in cash |
GuaziWord for word“On December 31, 2015, we sold our controlling ownership stake in Guazi, a subsidiary that operated our C2C used car trading platform, to Mr. Mark Haoyong Yang, the former co-chairman of our board of directors and our former co-chief executive officer, for cash consideration of US$50.0 million.” 20-F for 2017 | divestiture | On December 31, 2015 | US$50.0 million |
Mayi (Mighty Talent Limited)Word for word“In June 2016, we sold all of our interests in Mighty Talent Limited, or Mayi, a China-based short-term and vacation rental platform that was owned by Ganji, to Tujia.com Inc., or Tujia, in return for equity interests in Tujia.” 20-F for 2017 | divestiture | In June 2016 | — |
Che Hao DuoWord for word“Che Hao Duo has been accounted for using cost method since the transaction whereby we divested Che Hao Duo on December 31, 2015.” 20-F for 2017 | divestiture | December 31, 2015 | — |
ChinaHRWord for word“ChinaHR (“ 中华英才网 ”) was launched in 1997 and acquired by 58.com in May 2015.” 20-F for 2017 | acquisition | In May 2015 | — |
Jia Xiao Yi Dian TongWord for word“Jia Xiao Yi Dian Tong (“ 驾校一点通 ”) was launched in 2005 and acquired by 58.com in April 2015.” 20-F for 2017 | acquisition | In April 2015 | — |
5I5J Holding Group Co., Ltd.Word for word“For example, in June 2018, we acquired a minority stake of approximately 8.3% in 5I5J Holding Group Co., Ltd., or 5I5J, a major secondary and rental brokerage company in China, for a consideration of approximately RMB1.1 billion in cash.” 20-F for 2018 | acquisition | June 2018 | approximately RMB1.1 billion in cash |
Che Hao Duo (formerly known as Guazi)Word for word“On December 31, 2015, we divested our controlling ownership stake in Che Hao Duo (formerly known as Guazi), a subsidiary that operated our C2C used car trading platform, to Mr. Mark Haoyong Yang, ex-founder and ex-CEO of Ganji and co-chairman of our board of directors at the time.” 20-F for 2018 | divestiture | On December 31, 2015 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) |
|---|---|
| 2016-12-31 | $27.5 million |
| 2018-12-31 | $0 |
Read from 58.com’s annual reports (20-F for 2019, 20-F for 2018, 20-F for 2017) and the financial data it files with the SEC, as of 2020-04-29. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.