AIMGroup

India’s Snapdeal to double its workforce

India ecommerce marketplace Snapdeal has announced plans to double its workforce by the end of the 2015-16 fiscal year. The proposed increase to a 10,000-strong workforce across verticals is necessary to support the company’s ambitious expansion plans. Aimed at increasing delivery operations and capability, the company’s expansion plans are reportedly worth between $150 to $200 million....

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Homely makes its bid

Melbourne-based property portal, Homely.com.au, launched in late 2013 as a banner-ad free alternative to traditional real estate portals, has launched its first consumer campaign, luring buyers with promises of unrestricted search capabilities and comparative freedom from unwanted marketing. The consumer campaign includes billboards on Melbourne’s West Gate freeway, as well as ad shells,...

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Fatfish backs Seek challenger

Sydney and Singapore-based internet ventures firm, Fatfish Internet Group, has invested SD$40,000 (AUD$50,000) seed funding in online recruitment start up Nvoi, launched in November 2014 as a disruptor to market giant Seek.com. Fatfish is one of a number of investors contributing in a AUD$400,000 round of seed investment in Nvoi ahead of a planned public listing for the company this year. Nvoi is...

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Chinese online above 10% of 2014 revenue

Official data released by China’s National Bureau of Statistics indicate that online shopping value accounted for 10.7 percent of the country’s total retail value in 2014. The total transactional value of the country’s online shopping market exceeded US$253 billion (2.8 trillion Yuan) in 2014. According to the latest data from iResearch, a market research firm focusing on the China Internet...

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Alibaba finance arm plans 2016 IPO

Alibaba Group Holding Ltd. financial affiliate Ant Financial is planning an initial public offering in China in 2016, according to documents obtained from asset management firm CDH Investments.  Such an IPO could be the biggest deal among financial institutions next year. During the first round of fundraising, investors will be able to buy a total of 10 percent of Ant Financial through a fund...

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