Beijing Sunshine Valley Technology Development Co., Ltd., Ganji.com, one of the top ten recruitment and job search websites, China's largest classified information portal, and an innovator in the classified information industry, merged Ganji.com and 58.com in 2015 but maintained the independence of both brands
Founded in 2005, Ganji.com is a website that provides users with various classified information services such as recruitment and job search, housing rental and sales, second-hand trading, and local life services.
Company Value
While providing users with high-quality life service information, Ganji will also go deep into the service link, rely on the rich service resources accumulated by Ganji, and use innovative thinking to optimize the service chain, so as to promote the rapid development of China's life service O2O.
Core business
Ganji.com intelligently integrates the service information of the whole field of life, and provides users with a full range of life and business service information such as recruitment and job search, housing rental and sales, vehicle trading, second-hand goods trading, pet ticketing, education and training, and local life through the full platform coverage of the PC and mobile Internet terminals, helping users find the life service information they need safely and conveniently and solve life problems.
Business distribution
Headquartered in Beijing, Ganji.com has branches in Shanghai, Guangzhou, Shenzhen and Tianjin, with sub-stations in nearly 400 cities across the country. At present, Ganji provides life service information for more than 400 million people every month, with more than 40 million new pieces of information per month, and the number of active merchants reaching 5.79 million. As one of the first Internet companies in China to start a mobile strategy, nearly 80% of Ganji's traffic comes from the mobile Internet.
On April 17, 2015, the CEOs of 58.com and Ganji.com issued an open letter to officially confirm the merger. Yang Haoyong, CEO of Ganji.com, said: "After the merger of Ganji and 58.com, at the capital level, the two will form a new company - 58 Ganji Co., Ltd. Yao Jinbo and I will serve as co-CEOs and co-chairmen of the new company. ”
The two companies will maintain the independence of their respective brands, and the website and team will continue to grow and operate independently. The merger will be conducted in a 5:5 share swap, whereby 58.com will acquire a 43.2% stake in Ganji, including 34 million common shares (17 million ADSs) and $412.2 million in cash, on a cash-and-stock basis. In addition, Tencent will subscribe for $400 million worth of 58.com's newly issued shares at a price of US$52 per ADS. The combined company will have a market capitalization of more than $10 billion, ranking seventh among Chinese Internet companies.
