58 Daojia

<cite index="12-2">It provides information on and access to offline services such as cleaning, moving, babysitting, beauty care, and many other categories in approximately 30 cities in China.</cite> <cite index="15-7,15-8">Daojia is 58.com's former home-services arm, which was launched in 2014. The following year, 58.com transferred the business to 58 Daojia Inc., the company's principal shareholder.</cite> Its revenue comes mainly from <cite index="19-10">commission fees on services completed through its platform</cite>, plus advertising. In 2015 it <cite index="14-2">announced US$300 million in series A funding from Alibaba Group, global investment firm KKR and Chinese insurance magnate Ping An Group at a valuation of more than US$1 billion.</cite> In 2021 it <cite index="15-2">filed for an initial public offering (IPO) on the New York Stock Exchange</cite>.