58.com (NYSE;WUBA) operates the largest online marketplace serving local merchants and consumers in China, as measured by monthly unique visitors on both the Company’s www.58.com website and mobile applications, according to iResearch. The Company’s online marketplace enables local merchants and consumers to connect, share information and conduct business. With a large and growing user base, merchant network and massive database of local information, 58.com has created a powerful network effect that enables it to maintain its leadership position.
As of June, 2016 , 58.com has set up an oversea branch in New York. It is currently operated by YYS TECH Inc.