CHINESE online classified company 58.com said Friday that its revenue last year soared 170 percent to US$714.9 million.

    The New York-listed company reversed a loss of US$288.9 million in 2015 from a net income of US$22.6 million in 2014.

    In the fourth quarter, revenue surged 218.3 percent to US$255.3 million. It reported a loss of US$3.6 million, compared to net income of US$3.2 million the same quarter a year ago.

    “We are pleased to have finished the year with a strong fourth quarter in which we beat our best estimates,” said Michael Yao, chairman and CEO of 58.com. “Twelve months ago we only had the 58.com platform, but have since strengthened and consolidated our platform to include Ganji, Anjuke and China HR.”

    Hao Zhou, CEO of 58.com, said while Guazi — the company’s property and used car platform — continued losses in the early stages of expansion, the core business is already profitable.

    Membership revenue totaled US$297 million, up 113 percent. Online marketing service revenue was US$386 million, up 208 percent.

    58.com expects its revenue for the first quarter of 2016 to be between US$215 and 223 million.(Xinhua)