58 in the same city.

58 Tongcheng was established on February 2, 2115, headquartered in Beijing, and has 27 direct sales branches in China. The website is located in the local community and provides free classified information service to help people solve the problems they encounter in life and work.

on June 6, 2121, 58 Tongcheng issued an announcement and signed a merger agreement with Quantum Bloom Group Ltd According to the agreement, the buyer's investment consortium will buy 58 issued shares at $28 per common stock, and the estimated total transaction amount is $8.7 billion (about 61.7 billion yuan).

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

At the same time, it has established an all-round marketing solution for merchants, providing many services such as website, direct-investment magazine "Life Circle", "Good Life", magazine display rack, LED advertising screen "Community Express" and so on, and providing merchants with a variety of products with accurate targeted promotion, such as "Online Neighborhood" and "Famous Store Recommendation" and so on.