Investment Summary

58.com Invests In Golden Pacer

On September 30, 2019, 58.com invested in information technology company Golden Pacer

Investment Highlights
  • This is 58.com’s 1st transaction in the Information Technology sector.
  • This is 58.com’s 3rd transaction in China.

Investment Summary
Date 2019-09-30
Target Golden Pacer
Sector Information Technology
Investor(s) 58.com
Deal Type Stake Purchase

Target

Golden Pacer

China
Golden Pacer is a financial technology platform.

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Investor(S) 1

Investor

58.com

Beijing, China
Category Company
Founded 2005
Sector Internet Software and Services
Revenue 13.1B CNY (2018)
DESCRIPTION

58.com operates an online marketplace serving local merchants and consumers, as measured by monthly unique visitors on both its website and mobile applications. 58.com was founded in 2005 and is based in Beijing, China.

DEAL STATS #
Overall 3 of 3
Sector (Information Technology) 1 of 1
Type (Stake Purchase) 2 of 2
Country (China) 3 of 3
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-09 To8to

Shenzhen, China

To8To is an online interior decoration service platform that connects home owners with interior decoration companies, designers and construction material providers. To8to also offers offline construction supervision, and 'ZhuangXiuBao,' a product in the form of escrow funding that protects consumers' rights and ensures quality renovations.

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