WUBA: T.H. Data Flash - 58.com Inc. (WUBA) – Preliminary 2Q17: Preliminary 2Q17 Data Suggest Better Business Growth in Paying Merchants
Total number of paying merchants up Y/Y – Based on our data for April & May 2017, we believe 58 Group is likely to have about 2,349K paying merchants (Figure 1), up 19% Y/Y, vs. the company’s revenue guidance of 15.7% - 20.8% Y/Y growth. The growth was mainly driven by paying merchants from Yellow page and secondary housing.
T.H. Capital is an independent research and investment advisory firm specializing in China. We offers real-time, on-the-ground, bottom-up research across a wide spectrum from macro and industry analysis to company specific projects; from China ADRs to international names that have meaningful exposure to China market. We deliver relevant, comprehensive and data driven research adding immense value to clients.
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