On Friday, Shares of 58.com Inc (ADR)(NYSE:WUBA), added 0.27% and closed at $47.87 in the last trading session. The last trading range of the stock ranges between $47.20 and $48.25. The company’s Market capitalization is $6.80 Billion with the total Outstanding Shares of 232.51 Million. During the 52-week trading session the minimum price at which share price traded, registered at $42.57 and reached to max level of $70.27. 58.com Inc. (WUBA) (“58.com”), China’s leading online marketplace serving local merchants and consumers, recently declared that Guazi.com Inc. (“Guazi”), the Company’s minority-owned market-leading consumer-to-consumer (C2C) used car trading platform, recently closed another round of equity financing from Matrix Partners China and Blue Run Ventures. Following the closing, 58.com holds a 34% stake in Guazi on a fully diluted basis.
Guazi is a rapidly growing, market-leading C2C used car trading platform which directly links individual car sellers and buyers. Guazi anticipates used car transaction volumes to grow rapidly and is expanding into transactional services. Guazi plans to invest in enhancing its brand image, upgrading its technology and strengthening its used car and auto-industry partner network. With a strong focus on technology and efficient administration of its sales channels, Guazi offers an exceptional customer experience that assists create the industry standard.
Mr. Michael Jinbo Yao, Chairman and CEO of 58.com commented, “This new round of financing will allow Guazi to solidify its market leading position, strengthen its used car network and increase its topline growth. 58.com is committed to finding new and creative ways to support Guazi as it expands its innovative online used car business and develops new business models.”
Shares of Finish Line Inc (NASDAQ:FINL), added 0.31% and closed at $22.41 in the last trading session. The last trading range of the stock ranges between $22.23 and $22.85. The company’s Market capitalization is $911.85 Billion with the total Outstanding Shares of 40.95 Billion. During the 52-week trading session the minimum price at which share price traded, registered at $15.37 and reached to max level of $24.52. The Finish Line, Inc., together with its auxiliaries, operates as a specialty retailer of athletic shoes, apparel, and accessories in the United States. It operates in two divisions, the Finish Line and JackRabbit. The companys Finish Line division engages in the in-store and online retail of athletic shoes for Macys Retail Holdings, Inc.; Macys Puerto Rico, Inc.; and Macys.com, Inc., in addition to online at macys.com. This division offers mens, womens, and kids athletic shoes, in addition to an assortment of accessories of Nike, Skechers, Converse, Puma, New Balance, Adidas, and other brands. As of April 2, 2016, the company operated Finish Line shops in 392 Macys department stores in 37 states in the United States, the District of Columbia, and Puerto Rico. Its JackRabbit division retails lifestyle products, such as running shoes, apparel, and accessories of Brooks, Asics, Nike, Saucony, New Balance, and other brands. It also operates the e-commerce sites jackrabbit.com and boulderrunningcompany.com. The company operated 72 JackRabbit stores in 17 states in the United States and the District of Columbia.