Tom Marling | November 19, 2019 | Marketplaces, Financials / Deals
Chinese classifieds giant 58.com (NYSE: WUBA) surpassed $600 million U.S. in revenues in Q2 2019 — a 20.5% year-over-year increase. The total number of paying clients was stagnant for the second straight quarter, however, up just 3%, with membership revenues up...
Tariq Ahmed Saeedi | November 19, 2019 | Recruitment, Financials / Deals
Taiwanese job sites operator 104 Corporation (TSE: 3130) posted a slight drop in net income this past quarter, despite growth in operating income and revenue. The company saw net income decrease 0.39% year-on-year to NT$83 million ($2.7 million U.S.), according to its...
Tom Marling | November 18, 2019 | Real Estate, Financials / Deals, People on the Move
Chinese real estate site Fang.com (NYSE: SFUN) continued its minor rebound in Q3, with total revenues of just over $67 million U.S. — an 11.8% year-over-year increase. This marks the company’s second straight quarter of year-over-year revenue growth...
Rebeka Shaid | November 18, 2019 | Automotive, Financials / Deals
Denmark-based auto aggregator AutoUncle has teamed up with German startup iAutoFinance, a financial technology company that deals with the financing of cars. The new cooperation will allow users of AutoUncle to receive financing offers online, according to a report...
Tariq Ahmed Saeedi | November 17, 2019 | Recruitment, Financials / Deals
The annual net loss of leading Japanese crowdsourcing company Crowd Works Inc. rose 57% this year, mainly due to poor performance from the firm’s skill-sharing site and the company’s decision to terminate its freelancer fintech service. Losses amounted to Y127.6...
Tariq Ahmed Saeedi | November 17, 2019 | Marketplaces, Financials / Deals
Yahoo Japan has taken over Japanese fashion retailer Zozo Inc. in a deal worth more than Y400 billion ($3.7 billion U.S.). The purchase is an attempt to beat out its two main competitors, Amazon and Rakuten. Zozo announced Wednesday that the tender offer for its...
