Ganji Raised $90 million in 2012, not Planning for IPO, CEO Says

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.

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