BEIJING, Aug. 6, 2015 /PRNewswire/ -- 58.com Inc. (NYSE: WUBA) ("58.com"), China's largest online marketplace serving local merchants and consumers, today announced that it has appointed Mr. Mark Haoyong Yang as a director, co-Chairman and co-CEO of 58.com. Mr. Yang is the founder and CEO of Ganji.com, a major online local services marketplace platform in China. In April 2015, 58.com acquired a strategic stake in Falcon View Technology, the holding company of the PRC entities operating Ganji.com.
Mr. Michael Jinbo Yao, chairman and co-CEO of 58.com commented, "I look forward to Mark joining our team. His extensive experience, managerial capabilities and entrepreneurial drive will be invaluable assets as we look to create an even stronger and more innovative business that caters to the large and growing number of mobile users in China."
Mr. Yang commented, "I am excited to join the 58.com team. Local services, online classifieds, and online-to-offline services are areas that have unlimited opportunities in China and I look forward to working closely with Michael to drive growth in these categories in the coming years."
About 58.com Inc.
58.com Inc. (NYSE: WUBA) operates China's largest online marketplace serving local merchants and consumers, as measured by monthly unique visitors on both its www.58.com website and mobile applications. The Company's online marketplace enables local merchants and consumers to connect, share information and conduct business. 58.com's broad, in-depth and high quality local information, combined with its easy-to-use website and mobile applications, has made it a trusted marketplace for consumers. 58.com's strong brand recognition, large and growing user base, merchant network and massive database of local information create a powerful network effect.
Safe Harbor Statements
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