58.com updates N+ platform

By Guo Yiming
0 Comment(s)Print E-mail China.org.cn, June 19, 2019
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Yao Jinbo, CEO of 58.com Inc., speaks at a conference in Beijing on June 18, 2019. [Photo courtesy of 58.com Inc]

Chinese online classifieds provider 58.com Inc. said on Tuesday that it will launch a more open service platform to better serve its real estate agents and property developers, during a meeting with its real estate partners on Tuesday. 

The "N Plus Open Service Platform" vows to provide an upgraded service for its clients by delivering a bigger number of reliable real estate listings and solid internet infrastructure, as well as wooing more potential home buyers and renters to its site, and giving excellent training courses for its brokerage users. 

Ye Bing, senior vice president of 58.com Inc., explained that "N" represents "Network" and "Plus" means infinite information and upgraded services. 

By launching the platform, 58.com Inc. and Anjuke (its real estate listing subsidiary) hope to build an open and decentralized ecosystem that features joint contribution and shared benefits with other industry stakeholders, he added. 

The real estate listings are one of the most lucrative segments among other businesses that the company is engaged in, including jobs, used goods, automotive, and home services. 

It not only provides property listings for potential home buyers and renters, but also enables developers and real estate agents to market their properties online. 

According to 58.com Inc., the company serves more than 100,000 property brokerage firms and over 70% of brokers (over 1.3 million) across the country. There are more than 30 million people searching for homes on 58.com and Anjuke, said Yao Jinbo, CEO of 58.com Inc. 

Last June, 58.com formed an alliance with China's major brokerage firms, including 5i5j, Centaline Property, and Century 21 China, to thrive in China's competitive market.

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