Daily Deals

Four months to go for OLX brand in Hungary

Following the acquisition of OLX.hu by Schibsted Classified Media, owner of Jófogás.hu, Hungarian media reported the OLX brand will vanish from the market about three to four months from now (here in Hungarian)… This content is available to Classified Intelligence Report clients. Want to know more about becoming a...

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LatAm Autos focuses on local markets

m4s0n501 A new player has emerged in the burgeoning Latin American classifieds industry. With operations in six countries – Argentina, Bolivia, Ecuador, Panama, Peru and Mexico – Australian stock exchange listed company LatAm Autos has made a significant investment the local autos segments. “Our long-term goal is to be the dominant number one site in each market,” the...

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Groupon debuts Pages, merchant reviews

The ongoing problem for daily deals veteran Groupon has been keeping enough varied inventory in its deals marketplace. During its Q4 and end-of-year 2014 earnings call Groupon CEO Eric Lefkosky announced the rollout of consumer ratings and reviews by way of its new merchant Pages on Groupon.com. Over the years, Groupon has amassed more than 20 million merchant ratings and tips from customers...

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Grupa Pracuj invests in Video Recruit

Grupa Pracuj SA, owner of Poland’s leading job portal Pracuj.pl and Ukraine’s leading job portal Rabota.ua, purchased a stake in Video Recruit, offering a video recruitment system. Video Recruit is a Czech company that has been on the market since 2010. Its system allows candidates to record short films during which they answer questions prepared by the recruiter. Due to the fact that...

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Yahoo’s SpinCo readying for EBay buy?

Yahoo, in its Q4 and end of year 2014 earnings call, announced that it would spin off its 25 percent stake in Alibaba into a separate company called SpinCo. If the Alibaba-buying-EBay rumors are true, then SpinCo stands to own a fairly hefty part of EBay. Perhaps this isn’t just about the tax breaks. According to the Associated Press, investments in Alibaba, China’s largest...

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Naspers denies plans to sell Allegro

According to Naspers’ spokeswoman Meloy Horn, Naspers has no plans to sell its Polish assets. The rumor was placed in the market last week by a report of Reuters. On Friday Naspers’ spokeswoman denied the rumor, saying to Reuters (here) that “Allegro is a strong-performing, profitable e-commerce business and we have no plans to sell it”. In turn, Paweł Klimiuk, corporate...

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