New York-listed 58.com and a second Chinese online marketplace have agreed to merge, as consolidation acc-elerates in the local technology sector.
在中国科技行业加速整合的大背景下,在纽约上市的58同城和中国另一家在线市集已同意合并。
A memorandum of understanding between 58.com and Ganji.com, which both function much like US site Craigslist, was signed in Beijing on March 14, people familiar with the matter said. The two groups are expected to announce as soon as today that they are planning to combine to create what will become one of the largest specialised online classified companies in China’s booming mobile internet space. The combined group could be valued at as much as $10bn, one person involved in the transaction said.
知情人士表示,3月14日,58同城(58.com)和赶集网(Ganji.com)在北京签署了一份谅解备忘录,两家网站的功能很像美国的分类广告网站Craigslist。预计这两家公司将最早于今日宣布,双方正计划合并,以在中国蓬勃发展的移动互联网市场缔造最大专业在线分类广告公司之一。据参与交易的一位人士称,合并后公司的估值最高可能达到100亿美元。
Because of antitrust concerns the transaction will probably involve two stages. Currently 58.com, which declined to comment, is about twice as big as Ganji.com, but both companies provide a range of online advertising listings including job adverts, housing and second-hand goods. Last year, internet group Tencent bought a 20 per cent stake in 58.com, and the online marketplace announced last month it had acquired Shanghai-based property-listing platform Anjuke Inc for about $267m in cash and shares.
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