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Fly News Breaks for August 5, 2019
WUBA
Aug 5, 2019 | 07:41 EDT
Jefferies analyst Thomas Chong started 58.com with a Buy rating and $66.40 price target. The analyst views the company as a "secular growth story" with a proven business model in overseas markets. 58.com is a leading classified platform in China with a "huge" user base, that pursues an asset-light model, says Chong.
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