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Stock Market & Financial Investment News

News Breaks
August 22, 2014
08:26 EDTWUBA58.com downgraded to Underweight from Equal Weight at Morgan Stanley
As previously reported, Morgan Stanely downgraded 58.com to Underweight from Equal Weight. The firm expects 58.com's new large-scale marketing campaign to pressure margins near-term and recommends taking profits until there is improved visibility. Price target is $37.50.
News For WUBA From The Last 14 Days
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October 17, 2014
06:11 EDTWUBA58.com invests $20M for minority stake in Edaijia
58.com announced that it has entered into a definitive agreement to invest $20M for a minority equity stake in Edaijia. Edaijia, which in English means "E-designated driver," is a platform for mobile-based designated driver services in China. The closing of this transaction is subject to customary closing conditions. This transaction is expected to close in late October.

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