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  "documentTitle": "58.com Inc. (WUBA)",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2020-02-01 00:00:00",
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      "text": "The above graph is shows Baidu’s search Index for “Ganji Wang”, which is the Chinese name of Ganji’s website, from Jan 1, 2013 to Jan 27, 2020.",
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      "text": "The above graph is shows Baidu's search Index for \"Ganji Wang\"... It is evident that prior to the 2015-2017 acquisition, Ganji was growing rapidly... shortly following the acquisition, the search index quickly trended down...",
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      "text": "We're not quite sure how WUBA can argue that Ganji should not be nearly 100% impaired in light of our findings. We believe that the company's auditor should force it to reevaluate its goodwill valuation immediately...",
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      "text": "Management did refer to the Ganji acquisition as a strategic acquisition... Ganji and WUBA, after this strategic acquisition, should at least perform in par with pre-acquisition status in aggregate. Unfortunately, there is an overall downward trend.",
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