Overview
58.com aims to be China's #1 website. The company operates an online marketplace for local businesses and consumers in China. Like a cross between Alibaba and Craigslist, 58.com features postings for housing, jobs, used goods, automotive, pets, and tickets. Its website and mobile app count more than 125 million visitors every month. 58.com lists postings in 380 cities, but most of its content comes from China's five major cities -- Beijing, Shanghai,
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Read More Shenzhen, Guangzhou, and Chengdu. Businesses pay 58.com to become members and list their services; altogether, the website hosts more than 4 million active local merchants. Founded in 2005, 58.com went public in the US in 2013, raising $187 million.
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Read More Shenzhen, Guangzhou, and Chengdu. Businesses pay 58.com to become members and list their services; altogether, the website hosts more than 4 million active local merchants. Founded in 2005, 58.com went public in the US in 2013, raising $187 million.
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Jingbo Yao
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Financial Data
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Revenue in USD
Annual Revenue
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USD
Modelled
1 USD = 7.1766 CNY
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2019 | 2018 | 2017 |
|---|---|---|---|
| Net Operating Cash | $607 | $529 | $387 |
| Net Investing Cash | -$247 | -$430 | -$447 |
| Net Financing Cash | $3 | $7 | $80 |
| Net Change in Cash | $363 | $106 | $20 |
| Cash at Beginning of Period | $446 | $336 | $328 |
| Cash at End of Period | $804 | $446 | $336 |
| Capital Expenditure | -$16 | -$26 | -$17 |
| Assets (mil) | 2019 | 2018 | 2017 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $738 | $333 | $212 |
| Accounts Receivable | $168 | $128 | $93 |
| Inventories | $ | $ | $ |
| Other Current Assets | $1,573 | $866 | $584 |
| Asset Summary | |||
| Total Current Assets | $2,479 | $1,326 | $889 |
| Tangible Fixed Assets | $220 | $185 | $188 |
| Intangible Assets | $124 | $154 | $183 |
| Total Assets | $43,362 | $31,831 | $28,267 |
| Liabilities (mil) | 2019 | 2018 | 2017 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $ | $ | $ |
| Short-Term Debt | $ | $113 | $10 |
| Other Current Liabilities | $1,090 | $902 | $770 |
| Liability Summary | |||
| Total Current Liabilities | $1,090 | $1,015 | $780 |
| Long-Term Debt | $ | $ | $108 |
| Other Long-Term Liabilities | $ | $0 | $2 |
| Total Liabilities | $1,675 | $1,326 | $1,178 |
| Stakeholder's Equity (mil) | 2019 | 2018 | 2017 |
|---|---|---|---|
| Equity | |||
| Common Stock | $0 | $0 | $0 |
| Retained Earnings | $1,239 | $61 | -$235 |
| Equity Summary | |||
| Total Equity | $4,310 | $3,068 | $2,730 |
| Shares Outstanding | 299,277,413 | 296,444,579 | 293,965,131 |