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  "docSlug": "37ff9313bd57",
  "documentTitle": "58.com Inc. (WUBA)",
  "authorId": "62_Grizzly_Research",
  "authorName": "Grizzly Reports",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2020-02-01 00:00:00",
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  "notes": "The slide lists specific VIEs and their management, highlighting that they are current or former WUBA executives.",
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      "text": "Based on management personnel information we found for 58 Home’s disclosed VIEs and VIE subsidiaries, it is reasonable to conclude that WUBA’s management is directly exercising control over 58 Home and thus 58 Home’s financials should not be de-consolidated.",
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      "text": "In fact, we strongly believe, based on the management personnel of the disclosed VIEs and VIE subsidiaries by 58 Home, that WUBA has been exercising control over 58 Home, and thus 58 Home's financials should be consolidated into WUBA's financials.",
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