China's Craigslist continues growth after netting 100 million small-town users
58.com, the Craigslist of China, is making a massive push to pick up rural users as it hedges China's economic uncertainties. The classifieds giant said in Thursday's earnings call that it added more than 100 million new users in 2018 for 58 Town, its app aimed at the new wave of internet users outside China’s megacities. Continued growth in the less developed regions, the firm believes, will act as a buffer against China's economic uncertainties.
