Léo Siqueira | April 09, 2020 | Automotive, Financials / Deals
Mexico and Ecuador-focused automotive vertical LatAm Autos will delist from the Australian Stock Exchange (ASX), following a vote on the move at the company’s general meeting. LatAm Autos (ASX:LAA) said the decision will help it continue discussions with a...
Tariq Ahmed Saeedi | April 09, 2020 | Recruitment, Financials / Deals
Japanese recruitment firm DIP Corp. (TSE: 2379) reported a 9.9% rise in net income to Y10 billion ($92 million U.S.) for fiscal year 2020, which ended Feb. 29. The company said the growth was due to ongoing investments in advertising and sales. Founded in 1997,...
Rebeka Shaid | April 09, 2020 | Automotive, Marketplaces, Financials / Deals
Berlin-based used-car dealer Auto1 has reportedly closed a €300 million ($326 million U.S) financing round. The news was first published by German business magazine Capital, which cited sources at Auto1. The marketplace has secured the funding in the form of a loan —...
Jonah Kay | April 07, 2020 | Real Estate, Marketplaces, Financials / Deals
Shopee, the dominant marketplace in Southeast Asia, will team up with Malaysian property developer Gamuda Land to host real estate listings on its platform. Under the new agreement, all of Gamuda Land’s listings will be available on the site. Users can browse...
Greg Spencer | April 07, 2020 | Real Estate, Financials / Deals
Real estate brokerage Redfin has laid off 7% of its staff, including 41% of its salaried agents, in an effort to blunt the financial impact of the Covid-19 crisis. The news was disclosed Tuesday in a regulatory filing. The layoffs likely affected at least 500 staff,...
Adegoke Seun | April 07, 2020 | Marketplaces, Financials / Deals
Berlin-based venture capital firm Rocket Internet has sold its remaining stake in pan-African e-commerce and marketplace site Jumia. Financial details of the sale were not disclosed. Rocket’s head of finance and investments, Bettina Curtze, told reporters that the...
