Malaysia

Kupatana to use FDV’s money mostly for marketing

Last week Frontier Digital Ventures (FDV) invested an undisclosed amount in Kupatana.com, an online classifieds business active in Tanzania, Uganda, Rwanda and Burundi. (Our initial report here). Robin Eklund, Kupatana’s chief technology officer, told AIM Group… This content is available to Classified Intelligence Report clients. Want to know more about becoming a...

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iProperty Group reports record collections

Malaysian company, IProperty Group (ASX:IPP), reported record collections (revenue actually received) of almost $7.5 million U.S. in Q1 of FY2015, when it released its annual shareholders report this week. The company also reported positive quarterly cash flow and an excellent growth trajectory for the remainder of the year, according to the Finance News Network. Collections, which is marked...

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Southeast Asia’s PropertyGuru introduces new ‘mortgage marketplace’ and bank tie-up

Singapore-based PropertyGuru this week introduced two new features — a ‘mortgage marketplace’ for its Singapore site and a tie-up with Malaysia’s biggest lender Maybank for its users in Malaysia. Singapore launch The ‘mortgage marketplace’ for PropertyGuru Singapore comprises of two main features: seven digital tools to help with mortgage comparison and...

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New entrant in Malaysian auto classifieds

Malaysia’s online auto classifieds market is about to get interesting. A new company, Car X Services, was incorporated on Oct 29 and is majority-owned by MyEG, which is the company responsible for the Malaysian e-Government application. More than 12 million Malaysians directly or indirectly use MyEG’s services. MyEG has ambitions of establishing itself as a leading international...

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What’s Patrick Grove up to? Catcha offloading iCar Asia, iProperty

Patrick Grove’s Kuala Lumpur-based Rev Asia (formerly Catcha Media) yesterday received shareholder approval to sell its 27.2 percent stake in iCar Asia and, according to Australian press, his Catcha Group is also looking to offload its shares in iProperty. (Read Australia’s Property Observer’s article here.) Rev Asia had announced its intentions to sell its stake in iCar Asia...

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REA sells HK business to iProperty, strengthens shareholder grip

REA Group has sold its Hong Kong business to iProperty Group, in a deal worth AUD$15 million (US$13.5 million). The sale is subject to iProperty shareholder approval. iProperty will operate REA’s squarefoot.com.hk and its own GoHome.com.hk. Squarefoot also has a printed property magazine that iProperty will take over from REA. REA’s stake in iProperty of 17.2 percent, which it bought...

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