58.com and Ganji.com will announce the merger as soon as today
Date：2024-01-14 Source: This website
Beijing time on April 16 news, Tencent technology learned through reliable channels, 58 city and Ganji network will be officially merged, the news will be announced as soon as today.
Previously, according to sources quoted by foreign media, the valuation of the new company after the merger of 58 City and Ganji network will reach up to $10 billion.
Both 58.com and Ganji.com were founded in 2005, and the model of classified information platform has made the two sides basically in a homogenized competition for many years after their establishment. The combination of the two companies will facilitate the two number one and two companies to achieve synergies under the classified information business.
Since the second half of last year, the news of Ganji.com's impact on listing in the United States has continued. In August last year, Yang Haoyong Weibo also publicly announced that it would start its IPO plan around June 2015. At the same time, Ganji network has also begun to test new business models in the fields of automobiles and real estate, including the launch of C2C used car project "Ganji Good car" and door-to-door car wash project "Ganji easy car wash", and also reached cooperation with real estate O2O platform "Fangduo" in the field of real estate.
As early as 2012, Ganji.com had sought to list in the United States, but the dispute between Ganji.com president Yang Haoran and his ex-wife finally stalled the listing. In October 2013, 58 City took the lead in listing in the United States and introduced Tencent's strategic investment, and its leading edge gradually opened up. As a listed company, 58 city, began to quickly run the horse enclosure, on the one hand, through the investment layout in the industrial chain, on the other hand, the establishment of an independent subsidiary "58 home", the door-to-door economy.
The merger of 58.com and Ganji.com means that years of fierce competition between the two classified information platforms is coming to an end. As the number one and number two companies in this segment, the combination will gain an absolute share of the classified information market. At the same time, the two sides will further layout in the direction of O2O and deepen the business model.
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