58.com dives below $40

|About: 58.com Inc. (WUBA)|By:, SA News Editor

Following today's plunge, 58.com (WUBA -10.2%) is down 20% from a Dec. 4 near-term high of $49.00. The Nasdaq is off 1.5% today.

The Chinese Web classifieds leader goes for 8.6x 2015E sales. It's expected to see 54% revenue growth next year, following 77% growth this year.

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