Craigslist Rival in Classifieds 5miles Raises $30 Million

TechCrunch: Can a mobile classified app topple the behemoth that is Craigslist? We’ve asked the question before, and it looks like it may be in order again: 5miles, an app developed in China but being rolled out in the U.S. first as a quick way for people to list and buy items locally, has raised $30 million in funding to beat the classifieds leader at its own game. It has a couple of ace cards in its hand to help: 5miles was created to be mobile-first.