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  "documentTitle": "58.com Inc. (WUBA)",
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  "presentationDate": "2020-02-01 00:00:00",
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      "text": "On average the other websites and their corresponding companies that have comparable traffic rankings are valued at 0.81 billion USD. However, Ganji is valued at 2.8 Billion, that is over 240% more!",
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      "text": "Valuation (USD Bil): 244%",
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      "text": "On average the other websites and their corresponding companies that have comparable traffic rankings are valued at 0.81 billion USD. However, Ganji is valued at 2.8 Billion, that is over 240% more!",
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      "text": "Later in the technology section, WUBA claims that Our proprietary technology supports very high user traffic during peak traffic periods such as the Chinese New Year, which is the peak season for job and rental home searches.",
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      "text": "We also note that management did not talk about Ganji's growth during its earnings call. This is troublesome because we believe management has clarity on how Ganji has performed through 2018.",
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      "text": "In the most recent 20-F, WUBA mentioned that We experience seasonality in our business. Our revenues are typically lower during the holidays in China, particularly during the Chinese New Year, which occurs in the first quarter.",
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      "text": "Their inconsistency about user traffic reaffirms out doubt that websites are not living up to managements' portrayals.",
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      "text": "Moreover, it appears that even on occasions where management did talk about online web traffic, they were inconsistent in their explanations themselves.",
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      "text": "We experience seasonality in our business. Our revenues are typically lower during the holidays in China, particularly during the Chinese New Year, which occurs in the first quarter. — 20-F, WUBA",
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      "text": "[1] https://cj.sina.com.cn/articles/view/1649036617/624a4d4902000ltig\n[2] https://m.gelonghui.com/p/256464",
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      "text": "Average, 0.81; Delta, 1.99; Delta %, 244%",
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      "text": "Website, Company, Ticker, Valuation (USD Bil); fang.com, 房天下, SFUN, 0.24; zhipin.com, BOSS 直聘, NA, 0.50; ke.com, 贝壳网, NA, 1.00; fangdd.com, 房多多, DUO, 0.97; 5i5j.com, 我爱我家, SZ:000560, 1.36; ganji.com, 赶集网, NA, 2.80",
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