Scalper1 News
58.com (WUBA), the Chinese version of Craigslist, reportedly has agreed to merge with professional classifieds site Ganji.com. An announcement is expected Wednesday, after the two Chinese companies signed a memorandum of understanding on March 14, sources told the Financial Times. Ganji.com founder Hauyong Yang and 58.com founder Jinbo Yao are said to become co-chief executives of the combined company, which would be worth up to $10 billion. The Scalper1 News
Scalper1 News