Comment on Ganji Takes in US$200M Funding Backed by Tiger Funds and Carlyle by Tencent Increases Stake in 58.com to 24% - TechNode

['Emma Lee', 'More Emma Lee', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2014-08-18 00:00:00

Chinese online classifieds service Ganji recently announced a new US$200 million financing round from U.S.-based Tiger Fund and The Carlyle Group. The company has raised nearly US$200 million of financing in previous five rounds since its establishment in 2005. According to the company, the funds will be used in R&D, especially in mobile sector, O2O business, snapping up more market shares in local services, as well as strengthening marketing and channel management. Mark Yang, founder and CEO of the company, disclosed Ganji has recorded profits in 2013. Ganji and 58.com are top two sites that stood out from the crowd.