Marketplace

TransUnion: Millennials ARE buying cars

In contrast to several reports that millennials haven’t any interest in vehicle purchases, a recent TransUnion study determined that these young folks are eager to get behind the wheel. According to the latest TransUnion Auto Report,  27 percent of U.S. auto loans originating in 2014 were for buyers born in 1981 or later.  This is a significant increase from the 19 percent reported in...

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OpenDoor gets $20 mil for U.S. expansion

OpenDoor, which landed $10 million in investment funding before it even launched last July, has just secured another $20 million. The funds, led by GGV Capital, will allow the for-sale-by-owner home marketplace to expand beyond San Francisco and Phoenix, Ariz. into Portland, Ore. and Dallas, Texas. Here’s the announcement: Opendoor, the Online Marketplace to Instantly Sell Your Home...

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No new EBay pay system, says PayPal

In PayPal’s Feb.25 SEC form 10 filing  regarding its separation from EBay, the online payment giant revealed that both firms are prohibited from creating products competitive to the other, or even working with competitive vendors, for five years after the split. This means that EBay will not be building its own payment system, or even relying on a PayPal competitor, until at least...

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Seven of ten Dutch users search for used cars on mobile, says AutoScout24

The percentage of users in the Netherlands looking for used autos on mobiles has grown exponentially and is now at 69 percent, a user study of the country’s No. 1 auto portal AutoScout24.nl revealed (here in Dutch). At the same time, the sale of new autos is dropping significantly in the Netherlands, while the market for used autos is growing, with the number of online b-to-c transactions...

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MercadoLibre posts strong result for FY2014

MercadoLibre (Meli:Nasdaq), a Latin American ecommerce technology platform, posted a net income of $34.2 million U.S. in the fourth quarter (Q4) of 2014, a 16.3 percent decrease year-on-year in the U.S. currency. According to the company, which has other growing classifieds operations across the region, net revenue in the period increased 19.9 percent year-on-year to $161.4 million...

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Krrb launches classified payments

blackjack games Though it’s in private beta for awhile, Krrb Classifieds has launched a payment platform for sellers.  This one-click payment collection process will be available to sellers on Krrb.com, and Krrb publisher clients that include Chicago Magazine’s classified pages,  Apartment Therapy, Build by Kids and Buy Cheap Art. Buyers can use the online payments to purchase...

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