British online real estate agency Hatched.co.uk has been closed by owner the Connells Group. In a statement, Connells said the online/hybrid agency model is " fundamentally flawed" and affirmed its commitment to bricks-and-mortar agencies.
South African media giant Naspers has disclosed in its H1 2018 financial report that it lost $38 million when it sold Nigeria-based e-commerce and marketplace site Konga.com.
Naspers' OLX Group has invested R1.4 billion ($94.4 million U.S.) in the SA car buying service WeBuyCars.co.za. This comes as the company announced plans to unbundle its pay-TV business MultiChoice and separately list it on the JSE.
The Norwegian media giant Schibsted has announced it will initiate a process to reorganize the company into two growth-oriented companies. The international online classifieds operations will be spun off and established as an independent, listed company. Schibsted, meanwhile, will comprise all activities in Norway, Sweden and Finland - including Finn.no, Blocket.se and Tori.fi.
Red Arbor, the company founded by David Gonzalez Castro, has acquired a 20 percent share in peer-to-peer education platform TusClasesParticulares.com ("your private classes") and sister site ClassGap.
Taiwanese job site operator 104 Corporation (TSE: 3130) recorded a 7.7 percent year-on-year rise in its consolidated revenue for August at NT$146 million ($4.7 million U.S.).
Barcelona-based incubator Antai Venture Builder has received €20 million ($23.3 million U.S.) in new funding. The digital venture capital arm of Banco Sabadell InnoCells and insurance firm Mutua Madrileña, each invested €5 million ($5.8million U.S.).
Mofanghr, a Chinese a recruitment platform that provides data-driven applicant selection, has reportedly secured around 100 million RMB ($14.6 million U.S.) in a series B+ investment round led by Sharelink Capita.
United Classifieds, a company managing classifieds sites for Ringier Axel Springer Slovakia, saw revenues of €3.1 million ($3.6 million U.S.) and a net loss of €687,809 ($805,273 U.S.) in FY2017, news site MediaGuru.cz reported.
Blue collar recruitment app JobToday, which operates in the U.K. and Spain, has raised $16 million. Investors Accel and Mangrove raised their stake, and American firm 14w joined the round. The funds will go to improve its mobile technology.
