New York-listed 58.com (NYSE: WUBA), often described as China’s Craigslist, reported $382.8 million in total revenues for the second quarter, growing at a 33.3% year-on-year increase and exceeding the higher end of the company’s guidance.

“A magical site” (一个神奇的网站),  as its slogan claims, 58.com provides classifieds platforms in diverse categories, from second-hand goods, second-hand automobiles, recruitment to real estate, the last two being the company’s main revenue drivers.

“Among all our categories, jobs continued to deliver the fastest year-over-year growth and increasingly accounts for a larger proportion of total revenues,” says Chairman and CEO Michael Yao (Yao Jinbo) in the company’s financial report. Yao said in May that the company has for the first time outpaced its “online recruitment peers in China” in revenues.

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

Rita Liao

Telling the uncommon China stories through tech. I can be reached at ritacyliao [at] gmail [dot] com.