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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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  "notes": "The slide uses data from CRIC/CSRC to highlight a downturn in the Chinese housing market, specifically targeting the segment that is the company's largest revenue driver.",
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      "text": "real estate sales: -16.2%",
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      "text": "Housing remains WUBA's largest segment... the housing market in China is nothing short of a disaster.",
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      "kind": "quote",
      "text": "Housing is in dollar term wise the biggest revenue category and we have Incredible who have very big market share in the market already. However, the housing policy environment has been — 58.com Management (Q4 2018 earnings conference call)",
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      "text": "Source: CSRC",
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      "kind": "title",
      "text": "7.2 The Housing Industry in China is Grinding to a Halt",
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