58 The first half of the city revenue 58.84 million U.S. dollars net profit 285,000 USD

September 28 Morning News, classified information site 58 with the city today to the United States Securities and Exchange Commission (SEC) submitted an IPO prospectus. 58 with the city planned to be listed on the NYSE, code-named Wuba, the highest financing of 150 million U.S. dollars. According to the prospectus, 58 per cent of the city's revenues were 58.84 million U.S. dollars in the first half of the year.

58 with the city became this year after the Orchid Pavilion set, the second will be landing in the U.S. market, the Chinese concept of stocks.

Paid membership and advertising fees are the main business models in the city of 58. A paid member is a fee paid by an authenticated user, such as a real estate manager or a recruiting company. After the member authentication, can use the mass interview notice message and so on service. Advertising revenue similar to the search engine bidding rankings. For example, a publication of a recruitment information, if you are willing to pay a certain amount of advertising costs, then its information can be top of the line or in the search results before the position.

In addition, 58 with the city in the second half of last year opened a part of the category of commodities online trading function, to seek the electronic commerce. In this imitation day cat Taobao idea of the business, 58 of the city can be from the user's online transaction commission.

According to the prospectus, 58 per cent of the city's revenues in the first half of the year were 58.84 million U.S. dollars, compared with $38.98 million a year earlier, up 51%. 58 in the first half of the city to achieve net profit of 285,000 U.S. dollars, and the first half of 2012 losses of 19.28 million U.S. dollars. In 2012, 58 of the city lost 30.4 million dollars.

According to the information disclosed by the prospectus, membership fee is still the main source of income in the city of 58. In the first half of this year, 58.84 million U.S. dollars in revenue, membership fee of 35.46 million U.S. dollars, online marketing services revenue (ie advertising fees) for 22.43 million U.S. dollars. Online trading commissions and other income is only 950,000 U.S. dollars.