Jul 08, 2014 07:06 PM

Online Classified Ad Company Dives into Internet Finance

By intern reporter Zheng Peishan

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(Beijing) – The country's largest provider of online classified ads said on July 7 it will cooperate with the largest foreign-funded small loan company in China to develop Internet finance operations.

58.com Inc. said it has signed a memorandum of understanding with United Asia Finance Ltd., a subsidiary of Hong Kong-listed Sun Hung Kai & Co. Ltd., a financial conglomerate.

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