Industry Newsroom

Warburg Pincus- and General Atlantic-led Consortium to Take Chinese Online Classified Ads Marketplace Operator 58.com Private

A consortium of investors led by Warburg Pincus and General Atlantic has agreed to take China-based online classified ads marketplace operator 58.com private. Ocean Link Partners, 58.com CEO Jinbo Yao, and Internet Opportunity Fund (an entity controlled by Yao) participated in the transaction. The deal, expected to close in the second half of 2020, values the company at ~USD8.7b. Read more