Last $36.63 USD
Change Today +0.01 / 0.03%
Volume 661.7K
WUBA On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 10/17/14 All times are local (Market data is delayed by at least 15 minutes).

58.com inc-adr (WUBA) Snapshot

Open
$37.36
Previous Close
$36.62
Day High
$38.86
Day Low
$36.53
52 Week High
03/7/14 - $58.89
52 Week Low
10/30/13 - $17.00
Market Cap
3.2B
Average Volume 10 Days
864.7K
EPS TTM
$0.39
Shares Outstanding
36.2M
EX-Date
--
P/E TM
94.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for 58.COM INC-ADR (WUBA)

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58.com inc-adr (WUBA) Details

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.

5,653 Employees
Last Reported Date: 04/23/14
Founded in 2005

58.com inc-adr (WUBA) Top Compensated Officers

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Executives, Board Directors

58.com inc-adr (WUBA) Key Developments

58.com Inc. Purchases New Office Space in Beijing to Co-Locate Offices

58.com Inc. announced that the Company has purchased new office space in Beijing. The Company has entered into an agreement with Beijing Electronics Zone Investment and Development Co. Ltd. to purchase approximately 45,000 square meters of office space in Chaoyang District, Beijing, for RMB 1,033.0 million (approximately USD 168.4 million). The location will be used for the Company's new corporate headquarters to accommodate the Company's business expansion and increase in headcount. The Company plans to fund the purchase primarily through its operating cash flow and cash reserves. The first building, which accounts for approximately 37% of the total new office space, is expected to be ready for occupancy in October 2015. The remaining new office space is expected to be ready for occupancy in July 2016.

58.com Inc. Announces Executive Appointments

58.com Inc. announced the appointment of a new director, Mr. Xiaoguang Wu. Mr. Wu currently serves as a Senior Executive Vice President at Tencent. Mr. Wu joined Tencent in 1999 to lead development and product planning for Tencent's core product QQ instant messaging. He served successively as Project Manager for QQ's research and development team, General Manager for IM Products, and General Manager for internet business division. The company announced the promotion of Mr. Xiaohua Chen to Chief Strategic Officer and Mr. Chuan Zhang to Senior Vice President of Product Management. Mr. Chen has served as 58.com's Senior Vice President of Product Management and Website Operation since 2007. Mr. Zhang has served as 58.com's Vice President of Product Management since 2011.

58.com Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter of 2014

58.com Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. Total revenues were $64.6 million, an 83.9% increase from the same period last year; exceeding guidance of $61 million to $63 million. Net income was $11.2 million, a 125.6% increase from the same period last year. Basic and diluted earnings per ADS attributable to ordinary shareholders were $0.14 and $0.13, respectively, compared to basic and diluted earnings per ADS attributable to ordinary shareholders of $0.03 in the same quarter of 2013. One ADS represents two Class A ordinary shares. Non-GAAP net income was $12.4 million, compared with non-GAAP net income of $5.5 million in the same quarter of 2013. Non-GAAP basic and diluted earnings per ADS attributable to ordinary shareholders were $0.15 compared to non-GAAP basic and diluted earnings per ADS attributable to ordinary shareholders of $0.06 in the same quarter of 2013. Income from operations was $7.3 million in the second quarter of 2014 compared with an income from operations of $4.5 million in the same quarter of 2013. Non-GAAP income from operations was $8.5 million in the second quarter of 2014 compared with non-GAAP income from operations of $5.1 million in the same quarter of 2013. Net cash provided by operating activities was $22.2 million in the second quarter of 2014, compared with $13.5 million in the same quarter of 2013. Income before tax was $4,956,000 against $12,849,000 a year ago. Total revenues were $112.8 million, a 91.7% increase from the same period last year. Net income increased significantly to $13.5 million from $0.3 million in the same period of 2013. Basic and diluted earnings per ADS attributable to ordinary shareholders were $0.17 and $0.16, respectively, compared to basic and diluted loss per ADS attributable to ordinary shareholders of $0.23 in the same period of 2013. Non-GAAP net income was $15.8 million, compared with non-GAAP net income of $1.4 million in the same period of 2013. Non-GAAP basic and diluted earnings per ADS attributable to ordinary shareholders were $0.20 and $0.19, respectively, compared to non-GAAP basic and diluted loss per ADS attributable to ordinary shareholders of $0.18 in the same period of 2013. Income from operations was $9.0 million in the first half of 2014, compared with a loss from operations of $0.7 million in the same period of 2013. Non-GAAP income from operations was $11.3 million in the first half of 2014 compared with non-GAAP income from operations of $0.5 million in the first half of 2013. Net cash provided by operating activities was $40.2 million in the first half of 2014, compared with $17.9 million in the same period of 2013. Income before tax was $285,000 against $15,511,000 a year ago. Based on the company's current operations, total revenues for the third quarter of 2014 are expected to be between $66 million and $68 million, representing a year-over-year increase of 59% to 63%.

 

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WUBA

Industry Average

Valuation WUBA Industry Range
Price/Earnings 86.3x
Price/Sales 15.0x
Price/Book 6.5x
Price/Cash Flow 98.1x
TEV/Sales 14.0x
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