Summary:

58.com, a Chinese classified ad site, has raised $15 million in a round of funding. 58.com — which is currently in 320 cities in China and…

Classifieds
photo: Corbis / Jamie Grill

58.com, a Chinese classified ad site, has raised $15 million in a round of funding. 58.com — which is currently in 320 cities in China and has more than 20 million registered users — says it will use the new cash to expand in “second- and third-tier cities” according to a brief by China-focused market research firm Marbridge Consulting. 58.com declared earlier this year that it was now profitable. With the new cash, 58.com will have raised just over $20 million in VC funding. The latest money comes from Doll Capital Management and Softbank Asia Infrastructure Fund Partners (via Seeking Alpha).

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