Brazil

LatAm Autos focuses on local markets

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 company’s...

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Brazil property classifieds add mobile apps

With many players disputing a leading position in the competitive Brazilian real estate classifieds market, companies like VivaReal, Zap and Navent’s ImovelWeb are betting on mobile apps to enhance the user’s experience. With a range of possibilities, including search by segmentation and geolocation, those Android and IOS apps let the user to search for properties in a better,...

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Navent buys Dridco’s jobs and property assets

Navent, a major Latin American classifieds company, confirmed to the AIM Group it has bought Dridco’s real estate and jobs assets in the region, adding scale to its growing businesses in South America. Last year, sources in different parts of the world told the AIM Group Navent had bought Dridco and Brazil’s PenseImoveis. At that time, neither Dridco nor Navent would confirm or...

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Bomnegocio says it’s going to be OLX

Schibsted’s Bomnegocio, a leading generalist classifieds platform in Brazil, said Friday that “it’s going to be OLX.” Despite the deal being announced a few weeks ago by Schibsted and Naspers, the deal wasn’t made public to Brazilian users. In an email, Bomnegocio said “it’s going to be OLX”. “You, who detach [detach was the motto adopted by...

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Webmotors buys VMotors

Santander-owned Webmotors, a Brazil classifieds portal specializing in cars, has acquired VMotors, a technology and marketing-based firm. The deal follows a recent move in which Santander decided to shutdown its real estate vertical in Brazil, WebCasas, effective Jan. 1. VMotors is headquartered in Rio de Janeiro and provides digital tools for dealerships, which need to manage their online...

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Santander bank closes Brazil’s WebCasas

Boston headquartered Santander Bank, which operates several classifieds businesses in Brazil, has closed WebCasas. As of Jan. 1, Santander’s real estate platform was shut down with all its listings. In a note to the press, the bank said the online real estate market is a strategic segment with initiatives on Internet that “have a very specific dynamic and well-consolidated players.” The...

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