Alina Zaiets | September 15, 2019 | Marketplaces, Financials / Deals
In FY2018, the No.1 Russian horizontal Avito saw revenue of about RUB20 billion ($313 million U.S.), 29% more than in FY2017. Net profit amounted to RUB8.9 billion, which is 35% more than the year before. This data was unveiled by Kech ECommerce, a company that...
Tom Marling | September 13, 2019 | Automotive, Financials / Deals
Tencent and private equity partner Hammer Capital have offered $16 U.S. per share to buy out the other shareholders in Chinese auto information and transaction provider BitAuto (NYSE: BITA), valuing the company at just under $1.2 billion U.S., according to reporting...
Tariq Ahmed Saeedi | September 13, 2019 | Financials / Deals
Japan-based Proto Corporation has been listed on the first section of the Nagoya Stock Exchange, the country’s second biggest stock market after Tokyo Stock Exchange. Proto Corp. was founded in 1989. The company is headquartered in Tokyo and Nagoya. It runs used-car...
Wander Beekhuis | September 13, 2019 | Marketplaces, Financials / Deals
The opening price of $ 83,62 (€ 76) was almost 30% above the reference price, which was based on the Naspers closing price in Johannesburg. Total market value of approximately $ 129,83 billion (€ 118 billion), which made Prosus the largest...
Greg Spencer | September 12, 2019 | Recruitment, Financials / Deals
Incredible Health, a recruitment site for nursing jobs, has raised $15 million in a series A funding round led by Andreessen Horowitz. The San Francisco-based company, founded in 2017, says that it’s already used by 150 hospital clients in California, and that the new...
Greg Spencer | September 11, 2019 | Real Estate, Financials / Deals
Online used-car retailer Carvana has agreed to buy a 37-acre tract in Haines City, Florida, to build its seventh vehicle-reconditioning plant in the U.S., according to The (Lakeland, Fla.) Ledger. The project would cost $47 million and bring 400 jobs to the community,...
