Zhuan Zhuan announced that it has entered into definitive agreements to receive $300,000,000 in an equity round of funding on September 10, 2019. The transaction will include participation from returning investors 58.com Inc. (NYSE:WUBA), Tencent Holdings Ltd., Investment Arm, and other investors. Post closing of the transaction, 58.com Inc. (NYSE:WUBA) will retain its majority stake in the company. The transaction is expected to close in the quarter ending December 31, 2019 and is subject to customary conditions.