58 Tongcheng was established in June 5438+February 65438+February 2005, with its headquarters in Beijing and 27 direct sales branches in China. Located in the local community, this website provides free classified information services to help people solve problems in their lives and work.

On June 6, 2020 16, 58 Tongcheng announced and signed a merger agreement with Quantum Bloom Group Ltd According to the agreement, the buyer's investment consortium will acquire all the issued shares of 58 at the price of 28 US dollars per common stock, and the estimated total transaction amount is 8.7 billion US dollars (about 610.7 billion yuan).

As a classified information website in China, 58 Tongcheng is characterized by localization, independence, free, authenticity and high efficiency. Its services cover all areas of life, providing life information such as house rental, job hunting, second-hand trading, car rental, pet ticketing, catering and entertainment, and making friends, covering all large and medium-sized cities in China.

At the same time, it has established a comprehensive marketing solution for merchants, providing services such as website, direct magazine, life circle, good life, magazine display rack, LED advertising screen and "community through train", and providing merchants with a variety of products such as "online neighbors" and "recommendation of famous shops".