Yang Haoyong, CEO of Ganji, told local media that the classifieds service raised a total of $90 million in two rounds in 2012. (in Chinese) One was from CITICPE and the other was from OTTP and Macquarie. Prior to the two rounds, the company had raised three rounds that totaled $98 million.

As it was reported 58.com, Ganji’s direct competitor, was planning for IPO, Yang said Ganji didn’t have that plan in near future.

He also claimed that the service managed to turn a profit at the end of 2012 and 2013 would be a profitable year.

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Tracey Xiang

Tracey Xiang is Beijing, China-based tech writer. Reach her at traceyxiang@gmail.com