Its services cover all areas of life, providing life information such as house rental, job hunting, second-hand trading, car rental, pet ticketing, catering and entertainment, and making friends, covering all large and medium-sized cities in China.
At the same time, it has established a comprehensive marketing solution for merchants, providing services such as website, direct magazine, life circle, good life, magazine display rack, LED advertising screen and "community through train", and providing merchants with a variety of products such as "online neighbors" and "recommendation of famous shops".
Business philosophy
The aim of 58 City Network is "customer satisfaction is our pursuit". Most of the information in the same city network is released free of charge. From its establishment in 2005 to 2009, 58 finally achieved double growth and achieved its first profit. Once again, the same city is at a loss.
Google's successful experience has well proved this point: when users' interests are put first, they will get more feedback from users. The purpose of "58 City" embodies this point. At present, its profit model is mainly through advertising revenue, user value-added service payment and product-based merchant payment. 58 City has found a stable profit model and won the favor of more venture capital.