UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of
1934
(Amendment No. 5)*
58.com Inc.
(Name of Issuer)
Ordinary shares
(Title of Class of Securities)
G34136 104
(CUSIP Number)
December 31, 2018
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to
which this Schedule is filed:
* 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
1,356,960 ordinary shares. See Item 4.
|
6
|
SHARED VOTING POWER
29,418,640 ordinary shares. See Item 4.
|
7
|
SOLE DISPOSITIVE POWER
110,692
|
8
|
SHARED DISPOSITIVE POWER
29,418,640 ordinary shares. See Item 4.
|
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
30,886,292 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)
10.4%.
1
The voting power of the shares beneficially
owned represent 42.5% of the total outstanding voting power.
|
12
|
TYPE OF REPORTING PERSON
IN
|
|
|
|
|
1
Based on 296,444,579 outstanding ordinary shares
as a single class, being the sum of 250,858,415 Class A ordinary shares (not including 4,509,744 Class A ordinary shares issued
to the depositary bank of the Issuer and reserved for future exercise or vesting of equity incentive awards) and 45,586,164 Class
B ordinary shares outstanding as of December 31, 2018 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 represent 42.5% 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)
9.9%.
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 296,444,579 outstanding ordinary shares
as a single class, being the sum of 250,858,415 Class A ordinary shares (not including 4,509,744 Class A ordinary shares issued
to the depositary bank of the Issuer and reserved for future exercise or vesting of equity incentive awards) and 45,586,164 Class
B ordinary shares outstanding as of December 31, 2018 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 represent 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
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.
G34136 104
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, 2018:
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
|
|
|
30,886,292
|
|
|
|
10.4
|
%
|
|
|
1,356,960
|
|
|
|
29,418,640
|
|
|
|
110,692
|
|
|
|
29,418,640
|
|
Nihao China Corporation
|
|
|
29,418,640
|
|
|
|
9.9
|
%
|
|
|
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 30,886,292 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)
110,692 Class A ordinary shares issuable pursuant to 110,692 vested restricted share units held by Mr. Jinbo Yao, and (iv) an aggregate
of 1,356,960 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
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 23, 2019
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
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