World news releases

Rambler to build an “Uber” for real estate

Rambler, Russia’s media major, purchased online real estate agency AgentOn.ru, and announced publicly that it wants to create a large network of real estate agents, based on the principles of the U.S. taxi service app Uber. AgentOn acts as a trading floor that links real estate agents with homeowners looking to rent or sell their properties. The undisclosed purchase of AgentOn was driven...

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Russia’s MyHomeDay gets $3 million injection

MyHomeDay.com, a Russian online service for home rentals and sales, received a financial boost from Kirill Podolsky, the majority shareholder of holiday accommodation bookings site AnyWayAnyDay, and other classified sites. Podolsky, who has been financing MyHomeDay from its inception, has committed to inject another $3 million U.S.. (Go to his Facebook page.) The Moscow-centered real estate...

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Avito to expand its real estate operations in St. Petersburg

Avito.ru, Russia’s leading general classifieds platform, is looking to make inroads in the real estate sector of St. Petersburg, Russia’s second largest city. According to local media outlet Delovoy Peterburg, the company is hiring content moderators and call center operators in the city. Avito tends to develop local offices of operations in regions it sees as vital, with both Moscow...

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Avito’s revenue growth drops to 47% in Q2

Avito.ru, Russia’s largest general classifieds platform, has seen a slowdown in revenue growth, according to the latest trading statement released by shareholder Vostok New Ventures, with non-audited figures for Q2 of FY2015. The classifieds giant recorded revenue growth of 47 percent in Q2 this year from Q2 last year. Most classifieds players would be very proud with such a performance....

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Spain’s Vocento back in the black

Vocento, the Spanish media company which owns classified brands, such as InfoEmpleo.com, Pisos.com and Autocasion.com, posted a first-half net profit of €2.1 million ($2.3 million U.S.), after making a loss of €4.1 million in the same period last year. Its financial report reveals growth in key figures, including: * In H1 of FY2015 EBITDA came to €20.6 million (up from €16.6 million in...

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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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