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  "documentTitle": "58.com Inc. (WUBA)",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2020-02-01 00:00:00",
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  "notes": "The slide uses a series of tables showing shareholder lists from 2015-2018 to demonstrate the disappearance of the founder's name.",
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      "text": "It is not unreasonable to assume that Mark Haoyong Yang sold the majority of his WUBA shares after Ganji became a subsidiary of WUBA.",
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      "text": "It is not unreasonable to assume that Mark Haoyong Yang sold the majority of his WUBA shares after Ganji became a subsidiary of WUBA. If true, it obviously wouldn't be a vote of confidence for Ganji's future.",
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      "text": "Normally a shareholder who has over 5% of a public company needs to file either a 13G or 13D related to his shareholding status and change, but based on the SEC disclosure of WUBA, a related 13G or 13D was never filed by Ganji's founder.",
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      "text": "It is \"nice\" to see that WUBA diluted its shareholders to give Ganji's founder an exit right before Ganji's revenue imploded.",
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      "text": "3.4 Ganji's Founder Cashes Out Quickly",
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