A5 (www.admin5.com) station network July 3rd news last week, an explosive news that the industry does not seem to be startled at a warning, announced the 58 city, the Tencent will invest $736 million to get 19.9% City 58 fully diluted shares. This is a sudden hand exclaimed a
from the beginning of the negotiations to finalize, 58 city and Tencent reached over $700 million to cooperate only took about 10 days." 58 city CEO Yao Jinbo revealed in an interview with the media. For Tencent and 58 of the marriage, the industry generally has two kinds of Views: a view of the city of Tencent saw the local business resources of the city of 58, and the need to pay for the tool to form a closed loop O2O. Contrary to the view that the 58 in the camp to the Tencent, will inevitably be its main partner Baidu PC cold, which also led to a slight decline in the share price of the day of 58.