Marketplace

Kinnevik raises its stake in Quikr

Swedish investment company Kinnevik has acquired an additional $20 million U.S. (Rs. 127 crore) stake in Quikr, the general classified site in India, through a secondary share purchase. The investment makes Kinnevik the No. 1 shareholder in Quikr. “This purchase is consistent with Kinnevik’s goal of owning more of its highest potential companies, and reflects the continued progress of...

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More precise listings, focus on lead quality: French property market trends

Growing importance of niche portals, focus on quality rather than quantity of leads, expanding mobile audience and growing precision of information contained in listings will be the major themes of the French real estate market going forward, Antoine Krier, founder of Ubiflow, a key vendor of the country’s property portals, said at a recent presentation (full text available here in...

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Judge sets hearing in Backpage suit

The federal judge hearing the case against a Chicago-area sheriff who persuaded two major credit card companies not to do business with Backpage.com said he wants to know whether the companies felt “threatened” by the sheriff’s requests. The judge said that the legality of the sheriff’s campaign against Backpage.com hinges on whether Visa and MasterCard execs felt they had no choice...

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EBay simplifying by dumping apps

 To make it easier to shop on EBay, the company will drop several apps, R.J. Pittman, chief production officer, said. “Several apps that you may have downloaded will soon go away, and the key functionality from these apps, notably EBay Valet, Fashion and Motors will be integrated into the core eBay apps,” Pittman said. — EBay Valet app will shut down in the coming weeks, but...

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In Turkey marketplaces grow faster than total ecommerce

According to the 2015 edition of the research report “Size of the e-commerce market in Turkey”, the ecommerce market grew 35 percent in 2014 to 18.9 billion TL ($6.9 billion U.S.). The report was published the first time in 2014 by the Turkish IT Foundation (Tubisad). With revenue growth of 62 percent, the sub-section online marketplaces grew the fastest of all sub-sections of ecommerce...

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Allegro’s mobile app statistics for the last 5 years

Naspers’ Allegro published its mobile apps activity statistics for the last five years for Poland. According to Allegro, the most popular among its mobile applications was the Android app. It has 4.5 million users and is used for three out of four mobile transactions. The first million downloads of Allegro’s Android app was reached by March 2013, 1,001 days after its release in July 2010. Two...

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