WUBA 58 com Inc

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934
(Amendment No. 6)*

 

58.com Inc. 

(Name of Issuer)

 

Ordinary shares
(Title of Class of Securities)

 

G34136 104
(CUSIP Number)

 

December 31, 2019
(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

o       Rule 13d-1(b)

 

o       Rule 13d-1(c)

 

x       Rule 13d-1(d)

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

1	NAMES OF REPORTING PERSONS   Jinbo Yao
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP   (a)       o (b)       o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION   People’s Republic of China
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:		5	SOLE VOTING POWER   1,002,916 ordinary shares. See Item 4.
		6	SHARED VOTING POWER   29,418,640 ordinary shares. See Item 4.
		7	SOLE DISPOSITIVE POWER   177,078 ordinary shares. See Item 4.
		8	SHARED DISPOSITIVE POWER   29,418,640 ordinary shares. See Item 4.
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   30,598,634 ordinary shares
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES   o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)   10.2%.1 The voting power of the shares beneficially owned represent 42.0% of the total outstanding voting power.
12	TYPE OF REPORTING PERSON   IN

¹ Based on 299,277,413 outstanding ordinary shares as a single class, being the sum of 254,045,293 Class A ordinary shares (not including 3,353,820 Class A ordinary shares issued to the depositary bank of the Issuer and reserved for future exercise or vesting of equity incentive awards) and 45,232,120 Class B ordinary shares outstanding as of December 31, 2019 and assumes conversion of all Class B ordinary shares into Class A ordinary shares. The voting power of the shares beneficially owned by the reporting person represents 42.0% of the total outstanding voting power of the Issuer.

 

 

 

1	NAMES OF REPORTING PERSONS   Nihao China Corporation
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP   (a)       o (b)       o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION   British Virgin Islands
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:		5	SOLE VOTING POWER   0
		6	SHARED VOTING POWER   29,418,640 ordinary shares. See Item 4.
		7	SOLE DISPOSITIVE POWER   0
		8	SHARED DISPOSITIVE POWER   29,418,640 ordinary shares. See Item 4.
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   29,418,640 ordinary shares
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES   o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)   9.8%.2 The voting power of the shares beneficially owned represent 40.6% of the total outstanding voting power.
12	TYPE OF REPORTING PERSON   CO

² Based on 299,277,413 outstanding ordinary shares as a single class, being the sum of 254,045,293 Class A ordinary shares (not including 3,353,820 Class A ordinary shares issued to the depositary bank of the Issuer and reserved for future exercise or vesting of equity incentive awards) and 45,232,120 Class B ordinary shares outstanding as of December 31, 2019 and assumes conversion of all Class B ordinary shares into Class A ordinary shares. The voting power of the shares beneficially owned by the reporting person represents 40.6% of the total outstanding voting power of the Issuer.

 

 

ITEM 1(a).

NAME OF ISSUER:

 

58.com Inc. (the “Issuer”)

 

ITEM 1(b).

ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES:

 

Building 105, 10 Jiuxianqiao North Road Jia
Chaoyang District, Beijing 100015
People’s Republic of China

 

ITEM 2(a).

NAME OF PERSON FILING:

 

Jinbo Yao
Nihao China Corporation

 

ITEM 2(b).

ADDRESS OF PRINCIPAL BUSINESS OFFICE, OR, IF NONE, RESIDENCE:

 

Jinbo Yao
c/o Building 105, 10 Jiuxianqiao North Road Jia
Chaoyang District, Beijing 100015
People’s Republic of China

 

Nihao China Corporation
Trinity Chambers, P.O. Box 4301
Road Town, Tortola
British Virgin Islands

 

ITEM 2(c).

CITIZENSHIP:

 

Jinbo Yao – People’s Republic of China
Nihao China Corporation – British Virgin Islands

 

ITEM 2(d).

TITLE OF CLASS OF SECURITIES:

 

Ordinary shares of par value of $0.00001 per share

 

The Issuer’s ordinary shares consist of Class A ordinary shares and Class B ordinary shares. The rights of the holders of Class A ordinary shares and Class B ordinary shares are identical, except with respect to conversion rights and voting rights. Each Class B ordinary share is convertible at the option of the holder at any time into one Class A ordinary share. Each Class B ordinary share is entitled to ten votes per share, whereas each Class A ordinary share is entitled to one vote per share.

 

ITEM 2(e).

CUSIP NO.:

 

G34136 104

 

ITEM 3.

Not Applicable

  

ITEM 4.

OWNERSHIP:

 

The following information with respect to the ownership of the ordinary shares of par value of $0.00001 per share of 58.com Inc. (the “Issuer”) by each of the reporting persons is provided as of December 31, 2019:

 

  

Reporting Person		Amount beneficially owned:				Percent of class:				Sole power to vote or direct the vote:				Shared power to vote or to direct the vote:				Sole power to dispose or to direct the disposition of:				Shared power to dispose or to direct the disposition of:
Jinbo Yao			30,598,634				10.2	%			1,002,916				29,418,640				177,078				29,418,640
Nihao China Corporation			29,418,640				9.8	%			0				29,418,640				0				29,418,640

  

The above table includes collectively those Class A ordinary shares and Class B ordinary shares held by each reporting person, and assumes conversion of all Class B ordinary shares into the same number of Class A ordinary shares.

 

The 30,598,634 ordinary shares of the Issuer beneficially owned by Mr. Jinbo Yao comprise the following: (i) 831,436 Class A ordinary shares in the form of American depositary shares (“ADSs”) held of record by Nihao China Corporation, (ii) 28,587,204 Class B ordinary shares held of record by Nihao China Corporation, (iii) 177,078 Class A ordinary shares issuable pursuant to 177,078 vested restricted share units held by Mr. Jinbo Yao, and (iv) an aggregate of 1,002,916 Class B ordinary shares beneficially owned by certain of the Issuer’s executive officers and employees who acquired the ownership of these shares pursuant to the Issuer’s employee stock option plan and who authorize Mr. Yao to vote these shares on their behalf under power of attorney.

 

Nihao China Corporation, a British Virgin Islands company, is holder of record of 831,436 Class A ordinary shares in the form of ADSs and 28,587,204 Class B ordinary shares of the Issuer. Mr. Jinbo Yao is the sole director of Nihao China Corporation. Nihao China Corporation is 100% beneficially owned by Xinyi Limited, which in turn is wholly owned by The Xinyi Trust with Credit Suisse Trust Limited as the trustee, Mr. Jinbo Yao as settlor and Mr. Jinbo Yao and his family members as beneficiaries. Pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended, and the rules promulgated thereunder, Mr. Jinbo Yao may be deemed to beneficially own all of the shares of the Issuer owned by Nihao China Corporation.

 

ITEM 5.

OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS

 

Not applicable

  

ITEM 6.

OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON

  

Not applicable

 

ITEM 7.

IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL PERSON

  

Not applicable

 

ITEM 8.

IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP

 

Not applicable

 

ITEM 9.

NOTICE OF DISSOLUTION OF GROUP

 

Not applicable

 

ITEM 10.

CERTIFICATIONS

 

Not applicable

 

 

SIGNATURES

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Dated: January 17, 2020

 

Jinbo Yao		/s/ Jinbo Yao
		Jinbo Yao
Nihao China Corporation	By:	/s/ Jinbo Yao
		Name: Jinbo Yao
		Title:  Director

  

 

 

LIST OF EXHIBITS

 

Exhibit No.		Description
99.1*		Joint Filing Agreement by and between the Reporting Persons, dated February 9, 2017

   

* Previously filed