Scalper1 News
58.com (WUBA) early Tuesday reported a worse-than-expected first-quarter loss on rising costs. But revenue soared more than 80% amid rapid expansion, including its planned merger with its former top rival Ganji.com The Chinese classified ad site 58.com enjoyed a strong run-up after announcing last month that it had agreed to buy Ganji.com, and saying separately that it received an additional $400 million investment from China Internet giant Scalper1 News
Scalper1 News