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New Deal


Announced

Completed

58.com completed a $71m investment in Daojiale.com.

Financials

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Transaction Value£57m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Real Estate Services

Private

Completed

Acquisition

Friendly

China

real estate agent

Majority

Single Bidder

Synopsis

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58.com, an online marketplace, completed a $71m investment in Daojiale.com, an online real estate agent. The investment will help Daojiale.com expand market presence and advance its capabilities in the fields of real estate brokerage, management of new and second-hand residential properties, and expansion of real estate listing information, seeking to build it into a one-stop online intelligent real estate agent in southwestern China.

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