Famous classified ad website in China and an e-commerce platform serving local businesses and consumers
DCM PartnerHurst Lin 林欣禾
"Cheng Zhanglun believes that investing in Internet companies requires a lot of professional knowledge as it is a gamble whether or not users and web traffic purchased today can be monotized over the next few years, and therefore requires great confidence in the business model and management team. 58.com is one platform that consolidates many different vertical platforms; in theory, every dollar spent on marketing and other costs can be spread over a much larger marketplace. In addition, 58.com is connected to many traditional industries such as automotive and real estate. As traditional industries grow, internet companies should also have more room to grow."