Tiger Global Updates 58.com Stake (WUBA)

Chase Coleman's hedge fund Tiger Global has filed a 13G with the SEC regarding its stake in 58.com (WUBA).  Per the filing, Tiger Global now holds 6.3% of the company with over 13.18 million shares (via over 2.16 million ADR shares and over 8.84 million class A ordinary shares).

This is an increase in their net position size since the end of Q1, but there's a caveat here.  While it seems they've reduced their holdings in the ADR shares from 2.45 million shares down to 2.16 million, they now have exposure to class A shares (8.84 million shares).

It appears as though the bulk of this is due to the fact that Ganji.com has merged with 58.com and Tiger Global held a stake in Ganji as well via its venture capital arm. 

The new filing was made due to activity on August 6th.

We've also recently highlighted some other portfolio activity from Tiger Global here.

Per Google Finance, 58.com is "a holding company. The Company operates an online marketplace serving local merchants and consumers in China. The Company's online marketplace enables local merchants and consumers to connect, share information and conduct business. The Company's online marketplace contains local information in approximately 395 cities, across the content categories, including housing, jobs, used goods, automotive, pets, tickets, yellow pages and other local services. The Company conducts automatic and manual screening using its technology and processes. The Company's users post listings on its marketplace covering a range of services and products on its Website, www.58.com. The Company organizes the listings on its marketplace by content categories, such as jobs, housing, used goods, automotive, yellow pages, pets and tickets.."

Tiger Global Boosts 58.com Stake

Chase Coleman and Feroz Dewan's hedge fund Tiger Global has filed a 13G on shares of 58.com (WUBA).  Per the filing, Tiger Global now owns 6.5% of the company with over 1.2 million ADR shares (equivalent to 2.5 million ordinary shares).

This means they've boosted their exposure from 300,000 ADR shares (WUBA) at the end of 2013 to over 1.2 million ADR shares now.  The filing was made due to activity on March 28th.

Just recently, we highlighted how John Burbank's Passport Capital was active in WUBA shares as well.

Per Google Finance, 58.com is "a holding company. The Company is an online marketplace serving local merchants and consumers in China through its Website www.58.com and mobile applications. Its online marketplace enables local merchants and consumers to connect, share information and conduct business. The Company’s online marketplace contains a range of information in approximately 380 cities, across diverse content categories, including housing, jobs, used goods, automotive, pets, tickets, yellow pages and other local services. Its online marketing services include listing services, such as real-time bidding and priority listing, and marketing services through collaboration with third-party Internet companies in China. The listings on its online marketplace cover a range of content categories, such as housing, jobs, used goods, automotive, tickets, homecare and relocation, renovation, wedding, business services, travel, education, food, beauty, entertainment, franchise, and other local services."

You can view other recent portfolio activity from Tiger Global here.

Passport Capital Reduces 58.com (WUBA) Position

John Burbank's hedge fund firm Passport Capital has filed an amended 13G with the SEC regarding their stake in 58com (WUBA).  Per the filing, Passport now owns 5.1% of the company with 2 million shares (held via 1 million ADR shares).

This means they've reduced their position from 1.6 million ADR shares at the end of December.  The filing was made due to activity on March 28th.

Chinese internet companies have been a big portfolio theme for Passport as of late.  We originally disclosed Passport's WUBA stake in November.

WUBA has sold off from a high of $58.89 down to as low as $36.86 over the past month.  Shares have since rebounded back to $45.26.

Per Google Finance, 58.com is "a holding company. The Company is an online marketplace serving local merchants and consumers in China through its Website www.58.com and mobile applications. Its online marketplace enables local merchants and consumers to connect, share information and conduct business. The Company’s online marketplace contains a range of information in approximately 380 cities, across diverse content categories, including housing, jobs, used goods, automotive, pets, tickets, yellow pages and other local services. Its online marketing services include listing services, such as real-time bidding and priority listing, and marketing services through collaboration with third-party Internet companies in China. The listings on its online marketplace cover a range of content categories, such as housing, jobs, used goods, automotive, tickets, homecare and relocation, renovation, wedding, business services, travel, education, food, beauty, entertainment, franchise, and other local services."

Joho Capital Discloses 58.com (WUBA) Stake

Robert Karr's hedge fund firm Joho Capital has filed a 13G with the SEC and disclosed a new position in 58.com (WUBA).  Per the filing, Joho owns 7.7% of the company with 920,000 shares.

The 13G was just filed but indicates the disclosure was made due to activity way back on October 31st.

Joho isn't the only major hedge fund to own WUBA shares, as we previously detailed that John Burbank's Passport Capital owns 58.com as well.  Chinese internet companies in general have been a big theme for Burbank and he notes that China is determined not to lose to the US there.

Per Google Finance, "Beijing 58 Information and Technology Co., Ltd. owns and operates an on-line classified advertisement services Web Site under the name 58.com. The Web Site helps individuals and SMEs to broadcast and search information relating to job opportunities, housing, dating, community events, services, and trading of second hand products. Beijing 58 Information and Technology Co., Ltd. was founded in 2005 and is based in Beijing, China."

You can view other recent portfolio activity from Joho Capital here.

Passport Capital Discloses 58.com Stake

John Burbank's hedge fund firm Passport Capital has filed a 13G with the SEC regarding shares of 58.com Inc (WUBA).  Per the filing, Passport now owns 11.8% of the company with 2,821,526 shares (via 1,410,763 ADR shares).  The filing was made due to activity on November 1st.

Per Yahoo Finance, the company "Beijing 58 Information and Technology Co., Ltd. owns and operates an on-line classified advertisement services Web Site under the name 58.com. The Web Site helps individuals and SMEs to broadcast and search information relating to job opportunities, housing, dating, community events, services, and trading of second hand products. Beijing 58 Information and Technology Co., Ltd. was founded in 2005 and is based in Beijing, China."

For more from this hedge fund, head to John Burbank's thoughts at the Excellence in Investing Conference, as well as Burbank's comments at the Alpha Hedge West Conference.