58.com Inc. operates China's largest online market place for classifieds, as measured by monthly unique visitors on both its www.58.com website and mobile applications. The Company's online marketplace enables local business users and consumer users to connect, share information and conduct business. 58.com's broad, in-depth and high quality local information, combined with its easy-to-use website and mobile applications, has made it a trusted marketplace for consumers. 58.com's strong brand recognition, large and growing user base, merchant network and massive database of local information create a powerful network effect.
Youxin Financial is a leading Chinese fintech company. With a trove of proprietary data accumulated over our long-term engagement in this industry, proven technology capability, and professional service standards, we provide financial information services spanning inclusive finance, consumer credit, and wealth management.
Founded in 2010, Youxin Financial operates brands such as Ucredit and Renrendai. In 2014, the group received $130 million in Series A funding, the largest A round fundraising in the Internet finance sector worldwide at that time. In 2016, the company was listed by KPMG as one of China’s Top 50 Financial Technology companies. In 2018, Renrendai was ranked as one of 2017’s unicorns by the Ministry of Technology.
In April 2018, the group changed its name to Youxin Financial.
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