# Yao Jinbo
Latest news and articles about Yao Jinbo
Total: 2 articles found
The Ghost in the Machine: 58.com’s Desperate Pivot and the Decay of China’s Classifieds Giant
58.com, formerly China’s dominant classifieds platform, is facing a crisis as 'ghost order' scandals and police investigations highlight a desperate attempt to monetize user data. The company has lost over 60% of its peak revenue and halved its workforce as specialized competitors render its generalist, lead-selling model obsolete.
China Trials Mortgage-Interest Subsidies to Rekindle Homebuying — Pilots, Not a Nationwide Bailout
Mortgage-interest subsidies have re-emerged as a policy option during China’s national legislative meetings, with delegates proposing targeted fiscal support and tax deductions to revive homebuying. Several cities are already piloting such schemes, but analysts warn that subsidies alone cannot fix deeper structural problems and that nationwide roll-out would be fiscally challenging.