AIMGroup

EBay to spin PayPal to separate, publicly traded company

EBay said today that it will spin off its payment system PayPal into its own separate, publicly traded company, probably by mid-2015. The spinoff will be subject to regulatory approvals. The company also said that CEO John Donahoe  will become head of EBay’s Marketplaces business while Devin Wenig, the current head of Marketplaces, will become the CEO of the “new” EBay after...

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Yelp expands to Hong Kong

Yelp Launches in Hong Kong to Expand Asia Presence HONG KONG, Sept. 24, 2014 /PRNewswire/ — Yelp Inc. (NYSE: YELP), the company that connects consumers with great local businesses, today announced the availability of Yelp Hong Kong (http://www.yelp.com.hk). Beginning today, people across Hong Kong are able to create accounts on Yelp.com.hk to share their opinions about great local...

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MapR hires VP for EMEA region

MapR, which enables big data for classified and marketplace clients such as Amazon and Ancestry.com, has a new VP. (For more on what MapR provides, and what classified and marketplace sites are doing with big data to boost engagement and revenue, see CIR 15.16, Aug 28.) Here’s the MapR announcement: MapR Technologies Appoints Patrik Svanström Vice President, EMEA Enterprise technology...

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Trulia exec now at LotLinx

Dave Shefferman, who was Director of Product Management, Data Operations and Development at Trulia for nearly four years, has returned to the auto industry. He’s now VP of product management at dealer lead-generation firm LotLinx.  Prior to Trulia, Shefferman helped launched UsedCars.com, in his role as director of product management for Dealix...

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Rocket Internet sets $970M stock IPO

Berlin-based e-commerce and classified startup incubator Rocket Internet hopes to raise €750 million ($970 million U.S.) in an initial public offering by the year’s end, the company said today. The company plans to list in Germany, which has more lenient reporting requirements for financial results than many other countries. Rocket is targeting developing nations around the world with...

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