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Fly News Breaks for April 22, 2015
WUBA
Apr 22, 2015 | 08:10 EDT
Pacific Crest says that 58.com's (WUBA) investment in its major competitor, Ganji, creates cost synergies and increased focus, significantly improving 58.com's competitive environment. The firm expects 58.com to fully acquire Ganji in the future. It keeps an Overweight rating on 58.com.
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