Tencent invested US$736 million in online marketing platform 58.com last year. It now controls a 24.09 per cent stake in the company. Photo: Reuters

Tencent-backed 58.com expects revenue to keep rising for Craigslist-like online classifieds business as bid to buy rivals pays off

Online marketing platform buoyed after seeing revenue double in latest quarter, projects Q4 revenue may hit US$245 million

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Tencent invested US$736 million in online marketing platform 58.com last year. It now controls a 24.09 per cent stake in the company. Photo: Reuters
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