Financial results

E-House earnings up, profit down in Q2

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...

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JobIndex shows a strong Q2 report

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...

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Tiger Global coins €20m from sale of Distilled Media

The Sunday Times has reported that Tiger Global, the US hedge fund that backed Distilled Media, owner of daft.ie and adverts.ie, has more than doubled its money on exiting the Irish online company. Tiger was a minority shareholder in Distilled Media, and was bought out after the merger of Distilled with DoneDeal, the online marketplace owned by Norwegian company Schibsted, in July. Filings at...

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Revenue and profits up in Q2 at China’s Autohome

Autohome Inc., which describes itself the leading online destination for automobile consumers in China, saw a healthy increase in its net revenue and net income during the second quarter that ended on June 30, 2015, even though its share price contined to fall. According to its unaudited financial results released on August 5, net revenue increased by 69.9 percent year-over-year to RMB 861.0...

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58.com revenue up, profit down in Q2

Online marketplace 58.com Inc., China’s largest online marketplace serving local merchants and consumers, saw its revenue increase above expectations during the second quarter of the year, but a large increase in its operating expenses, primarily linked to the costs of marketing its 58 Home business, meant that it made a net loss overall. The company announced August 19 its unaudited...

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Vostok invests in six classified businesses

The financial report of Vostok New Ventures for the six months to June 30 was presented today, and it confirmed that the company is on a mission to invest outside Avito. Not too long ago, everything at Vostok Nafta still revolved around its holdings in Avito, Tinkoff Bank and Tinkoff Insurance. The finance holdings are very specific businesses based in Russia. That was one of the reasons why...

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