Hemnet, the dominant Swedish real estate site still owned by the real estate agents but under takeover discussions (see here and here), has bought a part of a subletting site, Qasa.se. With this move Hemnet is entering Schibsted territory: Blocket is the leading Swedish site in this segment. Qasa takes the subletting a step forward by giving the apartment owner and the secondary tenant a safe place by helping out with the contract writing and even transmitting and guaranteeing the payment of the rent and also guarantee that the tenant gets his deposit back.
Renting is for many people the first step into the housing market. Therefore it is natural that Hemnet via Qasa offers those who are not willing or able to purchase or sell to find an accommodation, said Mats Brandt, CEO of Hemnet, in a press-statement.
Qasa is a start-up from 2014 by three former students who personally experienced the lack of housing in Stockholm and Gothenburg. They built some kind of an Airbnb for long term rentals.
We talked to CEO of Qasa and cofounder, Mattia Tosti, 27, who .. This content is available to Classified Intelligence Report clients. Want to know more about becoming a client?
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E-House (China) Holdings Ltd. (NYSE: EJ) saw its revenue from online real-estate services increase by 34 per cent in the second quarter of 2015, the company announced on August 25.
The company claims to be China’s leading real-estate services company with a nationwide network covering more than 260 cities. E-House offers a wide range of services to the real-estate industry, including real-estate online services through its 70 percent-owned subsidiary, Leju Holdings Ltd. (NYSE: LEJU).
Total revenue increased in the second quarter that ended on June 30 by 29 percent year-on-year to $270.5 million U.S., primarily driven by growth of revenue from real-estate online services and real-estate brokerage services.
Revenue from real-estate online services increased by 34 percent year-on-year to $157.8 million, including $117.4 million in revenue from e-commerce services, which grew by 72 percent year-on-year.
Revenue from primary real-estate agency services increased by 35 percent year-on-year to $85.2 million.
Net income was $8.1 million, a decrease of 51 percent from $16.4 million for the same quarter of 2014.
“As we expected, the overall Chinese property market started to warm up since the end of March, driven in part by the government’s loosened credit policies and purchasing restrictions in certain cities,” said Zhou Xin, co-founder and CEO of the company. “Despite the recent Chinese stock market volatility, the real-estate sector has stayed relatively stable so far. As a result, we are on track to achieve our overall revenue target set at the beginning of the year.”
The company maintains its fiscal year 2015 total revenue guidance of approximately $1.05 billion to $1.10 billion, which would represent an increase of approximately 16 percent to 22 percent from $904.5 million in 2014.
Zhou continued: “We are also solidly executing our previously announced strategies for new business lines. Community value-added service app Shi Hui has now been launched in 40 cities, with a total user base of more than 6.8 million. Last month, Jupai Holdings Ltd. (NYSE: JP), a leading third-party wealth management services provider in China in which E-House holds approximately 31 percent stake, was successfully listed in the U.S. The listing of Jupai further strengthens our growing financial services platform.”
One of the biggest classified marketplaces in Turkey, sahibinden.com, scored top in three categories in “The Year’s prominent Mobile Applications” research that was jointly prepared and presented by Digital Age Magazine and MMA Turkey (Mobile Marketing Association).
Sahibinden.com won the “e-shopping” and “real estate” prizes for the 3rd time in a row with successful applications for smart phone and tablets.
In the “market place” category, that was available for voting for the first time 2014, Sahibinden.com was rated top again.
Bora Bicer, Vice General Manager of sahibinden.com responsible of Business, Services and Costumer experience, said that his company has accelerated the speed of the mobile applications since last year and launched a lot of new services in 2015.
Bicer also said that “Mobile applications of sahibinden.com rank among the most favored and most used applications in Turkey. We had 1.1 million active iOS users in May 2015; 2.5 million on Android devices. Raising traffic and awards we won are the proof of our success.”
Online auto finance broker Zuto, formerly known as CarLoan4U, has signed a two-year deal to be the sole provider of Auto Traders consumer finance products.
Zuto provides auto finance options from its panel of more than 15 lenders. It also carries out free vehicle history and valuation checks to confirm the vehicle purchase price.
James Wilkinson, chief of Zuto, said: “Our partnership means we can offer a finance solution to thousands of motorists searching for an auto through Auto Trader and help them during the buying process. Buying an auto can be a daunting experience because there are a lot of unknowns, but we aim to make this an easier process.
“Not everyone has a mechanic on-hand to reassure them they’re making a sound buying decision or is confident they’ll be approved for a loan. We make our customers aware of their finance options and ultimate budget before beginning their auto search.”
Paul Harrison, head of motor finance at Auto Trader, said: “It was an obvious choice to partner again with Zuto on our private auto adverts, because their business model is much more than just a finance solution.
“Some auto buyers will always prefer to arrange their finance before visiting a showroom, so this partnership is aligned to how consumers now research finance online, while at the same time helping dealers to sell autos to consumers they would not have otherwise seen.
“Zuto’s value-added service and intuitive technology not only makes for a very positive experience for the buyer but also delivers a new, confident kind of customer to dealerships – a customer who understands what they can afford, the finance product they’ve been recommended and the autos that are available in their price range.”
Zuto was founded in 2006 and is headed by former professional footballer James Wilkinson. It helps customers scan the best deals for auto finance, as well as providing a vehicle-finding service, free vehicle history checks and free valuations.
Former JobScout24 Switzerland head, René Maeder,has been appointed as Managing Director of business network XING Switzerland GmbH.
As the German XING AG communicated only now in a press note, 44-years-old Maeder is already in charge of its Swiss subsidiary since the beginning of August. He substitutes former Country Manager & Sales Manager Robert Beer, who left XING in mutual agreement in May, after four years in this position.
Computer Scientist Maeder comes to XING from Swiss media company Ringier and brings in a longtime professional experience in digital business areas tied to classifieds and e-commerce.
After several positions as digital consultant, Maeder served as Managing Director of Ringier´s job portal JobScout24.ch from 2009 till 2013. Recently Maeder was in charge of finding promising start-ups in the mobile, media service and e-commerce areas for Ringier Digital’s venture capital investment.
Thomas Vollmoeller, XING AG CEO, said in the press statement: “ With René Maeder we have won an expert for us with longtime online job portal experience, who will help us with his distinct local network expertise to expand XING´s position further in Switzerland”.
Nevertheless XING has been able to grow in the past constantly its membership figures. At the end of 2014 ..
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Navent, a jobs and real estate classifieds company operating in 10 Latin American countries, has started its operations in the Costa Rican real estate classifieds market, a top executive told the AIM Group.
Owner of the brand CompreoAlquile in Panama, the company funded by Tiger Global and Riverwood Capital will compete with BuscoMiCasa and Encuentra24, the two main players operating in the Central American nation.
Navent’s real estate platform in Costa Rica kept the name and brand identity of CompreoAlquile, an already-established player in Panama. According to Navent, the new website is being operated from Panama.
“In Costa Rica, we launched our operations in July this year, so we’re still far from the established leading players, but our idea is to progressively gain market share,” Cristóbal Perdomo, vice-president of real estate in Latin America at Navent, said.
Despite being a still-recent player, CompreoAlquile was able to quickly build inventory. The website claims to have 5,357 listings, while top competitor BuscoMiCasa said it has 5,077 offers.
All the numbers were in favour of Denmark’s JobIndex when it presented its Q2 2015 results.
The sales in Q2 are up from DKK 57 million to DKK 66 million ($10.2 million U.S.) and the net profit before taxes and financials was DKK 19 million, compared to 11 million in Q2 in 2014. The recruitment sites JobIndex and JobbSafari are both doing well with sales of DKK 49 million in the quarter and are responsible for most of the profit in the company.
Computerworld had sales of 8 million and showed a small profit.
The only loss maker at JobIndex is the StepStone part of the business. It had sales of DKK 4.5 million but a loss of 0.6 million.
In the Q2 report JobIndex also boasts about how well the share has been doing on the small stock exchange First North. It has been on the market there for eight years with an introduction price of DKK 570. That was before the financial crises and hit a low of 232. This year it has been a rally in the stock which has increased from DKK 468 to 1050-1061 after the report.
The company said it has compared itself from the start eight years ago with Monster, which has lost 81 per cent during these eight years. Jobindex has also done better than Google, LinkedIn and Schibsted.
Not too many investors can celebrate this, however. Besides the founder and CEO Kaare Danielsen, who owns 92.8 percent of the shares in the company, there are 265 moore shareholders, most of them employees or former employees with a small number of stocks. If the company were valued according to its stock market price it would be worth astonishing DKK 942 million ($145 million U.S.).
Can you claim to be the No.1 as a vertical, if a horizontal general classifieds site has also a relative strong position in in real estate, jobs or automotive classifieds? And in addition is clearly the No.1 in traffic in this country?
As we reported in our client-only article leading general classifieds site Willhaben sued successfully leading real estate vertical Immobilienscout24.at, for misleading advertising of a “top position for nationwide property search” in Austria.
We asked both sides for an additional statements, how it came to this court litigation between them and which is their opinion on the Vienna´s commercial court ruling.
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The Kia Index which measures web and mobile traffic in Sweden gave Schibsted owned Blocket some tough numbers both for its job vertical and for its real estate vertical for week 33.
Schibsted and Blocket published for the first time the number the visits to its property site Blocket Bostad: 586,000. The number was somewhat disappointing since staff members earlier had talked about 700,000 visits. The same week Hemnet had almost 2 million unique visitors.
Blocket wants to buy the leading Swedish real estate site Hemnet as we reported several times (most recently here). It’s still an open question if and in case when it can close the deal. There are other bidders and the agents organisations and the two big real estate agency chains who own Hemnet put certain demands on how the site should work in the future. People we talked to think that it will take several weeks before the ownership of Hemnet is being decided upon.
Schibsted owned Blocket challenged Hemnet two years ago by launching and marketing its own real estate vertical. But Blocket Bostad has not been the huge success Schibsted had hoped for. Blocket had not published the visitor statistics for Blocket Bostad until now, despite promises to do so.
Blocket itself is very strong on KIA Index with more than 2.7 million unique visitors on its website in week 33.
The other Blocket vertical, Blocket Jobb, did neither have a good week. Jobbsafari, owned by Jobbindex in Denmark, peaked with 197,000 unique visitors on the web and mobile in week 33. Blocket Jobb reached 152 000. The start after the summer holidays could have been better for the Blocket verticals in Sweden.