58.com Inc. American Depositary Shares, each representing 2 Class A Ordinary Shares (WUBA) News
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Latest WUBA News From Around the Web
Below are the latest news stories about 58com Inc that investors may wish to consider to help them evaluate WUBA as an investment opportunity.
Hedge Funds Have Never Been This Bullish On 58.com Inc (WUBA)The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 823 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of June 30th, when the S&P 500 Index was trading around the […] |
58.com Announces Shareholders' Approval of Merger Agreement58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"), China's largest online market place for classifieds, today announced that at an extraordinary general meeting of shareholders held today, the Company's shareholders voted in favor of, among other things, the proposal to authorize and approve the execution, delivery and performance of the previously announced agreement and plan of merger, dated as of June 15, 2020 (the "Merger Agreement"), among the Company, Quantum Bloom Group Ltd, an exempted company with limited liability incorporated under the laws of the Cayman Islands ("Parent"), and Quantum Bloom Company Ltd, an exempted company with limited liability incorporated under the laws of the Cayman Islands and a wholly-owned subsidiary ... |
Did Hedge Funds Make The Right Call On 58.com Inc (WUBA) ?The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of March 31st, a week after the market trough. Now, we are […] |
Tencent Offers $2.1 Billion for Chinese Search Giant Sogou(Bloomberg) -- Tencent Holdings Ltd. has offered to buy out and take private search engine Sogou Inc. in a $2.1 billion deal, adding to a slew of Chinese technology giants seeking to delist from U.S. bourses.Shares of the social media heavyweight climbed as much as 4.7% Tuesday, buoyed by speculation it will more closely integrate Sogou’s AI technology with its own services and devices to gain an edge on rivals like TikTok-owner ByteDance Ltd.Tencent has in past years come under pressure from ByteDance and other up-and-coming rivals in the emergent short-video arena. Beijing-based Sogou -- whose name translates as “search dog” -- has long been the default in a slew of Tencent products including its marquee social app WeChat. It’s also been making a push into artificial intelligence.A ta... |
The Zacks Analyst Blog Highlights: Sohu.com, Noah, 58.com, DouYu International and China Automotive SystemsThe Zacks Analyst Blog Highlights: Sohu.com, Noah, 58.com, DouYu International and China Automotive Systems |
WUBA vs. RNG: Which Stock Is the Better Value Option?WUBA vs. RNG: Which Stock Is the Better Value Option? |
Is 58.com Inc. (WUBA) Stock Undervalued Right Now?Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. |
SHAREHOLDER INVESTIGATION ALERT: Halper Sadeh LLP is Investigating Whether the Following Mergers are Fair to Shareholders; Investors are Encouraged to Contact the Firm - BITA, WUBA, GARSNEW YORK, NY / ACCESSWIRE / July 7, 2020 / Halper Sadeh LLP, a global investor rights law firm, is investigating whether the following mergers are fair to shareholders. Halper Sadeh LLP may seek increased ... |
Lifshitz Law Firm, P.C. Announces Investigation of 58.com Inc. (NYSE: WUBA), Bitauto Holdings Limited (NYSE: BITA), Bridge Bancorp, Inc. (BDGE), Dime Community Bancshares, Inc. (DCOM), China XD Plastics Company Limited (NASDAQ: CXDC), Finjan Holdings, Inc. (NASDAQ: FNJN), Willis Towers Watson Public Limited Company (NASDAQ: WLTW), and Wright Medical Group N.V. (WMGI)58.com Inc. (NYSE: WUBA) |
Sina Gets $41-a-Share Buyout Proposal From CEO’s Company(Bloomberg) -- Sina Corp., a Chinese social media company, has received a take-private proposal for $41 a share from an entity led by its chairman.The company said in a statement Monday that New Wave MMXV Ltd., the anglicized name of Sina, submitted a preliminary non-binding proposal letter dated Monday for a “going private” transaction. New Wave is controlled by Charles Chao, chairman and chief executive officer of Sina, according to the statement.At $41, the U.S.-listed company would be valued at about $2.7 billion, an 11.8% premium on its last closing price on Thursday.Sina operates Weibo, a Chinese equivalent of Twitter. The firm was among the first wave of Chinese internet companies to seek listings internationally at the beginning of the century. It went public on the Nasdaq in 20... |