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  "documentTitle": "32 IBD presentation 2020 58.Com Inc. Houlihan Lokey 1",
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  "notes": "Includes detailed valuation bridge from financing round to adjusted implied equity value.",
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      "text": "In July 2018, 58 Freight completed its Series B financing round... The implied post money equity value... The implied value of the Company's interest... 58 Freight's cash balance has decreased... Adjusting the implied value... Per Company management... Furthermore, 58 Freight is experiencing increased competition...",
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      "text": "Source: Company management, public filings, Capital IQ. Note: Per Company management, the various classes of equity in each of 58 Home, 58 Daojia and 58 Freight are economically similar. Note: Share counts and ownership percentages shown above exclude ESOP shares per Company management. 1. Based on RMB to USD exchange rate as of 6/12/2020 per Capital IQ. 2. Per Company management",
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      "text": "Summary of Recent 58 Home Financing and Corresponding Implied Valuation",
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      "text": "Implied Proportionate Equity Value of 58 Freight table with RMB and USD columns",
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      "text": "Summary of 58 Freight Recent Financing",
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