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What is 58 Qiaofangtong

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Shanghai Qiaofang Information Technology Co., Ltd. has undergone industrial and commercial changes, including the withdrawal of all shareholders including Wuba Co., Ltd. and Shenzhen Fuhai Innovation and Venture Capital Fund.

The new director is Chen Zhixiong.

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58.com was established on December 12, 2005 and is headquartered in Beijing. It has 27 direct sales branches nationwide.

The website is positioned as a local community and free classified information service to help people solve problems encountered in life and work.