Uxin Ltd., a Chinese used-car platform providing b-to-b and b-to-c services, is seeing strong growth in its b-to-c and financing business in 2018. Total revenues for Q3 2018 were 863.7 million RMB ($125.5 million U.S.), up 59.6 percent year-over-year. Gross profit was 559.1 million RMB. Of this, “to-c” transaction facilitation revenue was up 165 percent year-over-year, to 138.6 million RMB. Loan facilitation revenue on to-c...
With the housing market in China gradually rebounding, real estate e-commerce provider Leju (NYSE: LEJU) has found its footing after several lost years, albeit while the company’s secondary listings business continues to nosedive. In Q3 2018, total revenues increased by 40 percent year-over-year to $133.6 million U.S.. Total revenues year-to-date stand at $337.8 million U.S., up 32 percent year-over-year. Revenues from e-commerce services jumped by 57 percent in Q3...
The embattled Australian arm of U.K.-based hybrid agency PurpleBricks has announced its chief executive Ryan Dinsdale will depart the company, but will stay on until March to assist with the transition period. The announcement comes just a few weeks after its chief financial officer Brad Rom defected to a healthcare group.
Chinese used auto transaction platform RenRenChe has confirmed it has completed a series F+ funding round, via its official account on the social network Weibo. Several news outlets have been reporting that the estimated value of the round stands at $1.3 billion U.S., but RenRenChe has now publicly stated that this figure is unverified and inaccurate. The Beijing-based company has yet to officially confirm the...
Former Domain boss Antony Catalano will challenge Fairfax Media’s takeover by Nine Entertainment Co. in the Supreme Court after filing an eleventh-hour bid late Sunday night to save the Fairfax Media name.
Spanish mobile marketplace Wallapop does not share revenue figures. Thus Bermuda-based Swiss investment firm Vostok New Ventures has become the default barometer for Wallapop's financial health. Its latest report values its shares in the app at $14.5 million U.S., putting Wallapop's valuation at $500 million.
Tokyo-based Career Index Inc. (TSE: 6538) reported a 29.8 percent year-on-year increase in its net profit to 147 million yen ($1.3 million U.S.) during Q2, as all its jobs sites continued to attract paid job offerings during the period.
Ringier AG and Axel Springer have become strategic investors in emerging markets real estate vertical Lamudi. The companies will share a seat on the advisory board, which will be managed by Ringier, for now. The financial details of the agreement were not disclosed.
Paris-based media group Trace has acquired an undisclosed stake in Senegal-based mobile classifieds site CoinAfrique.
Frontier Digital Ventures-backed CarsDB recently received $700k U.S. in funding from two external investors. The company was given a pre-money valuation $8 million U.S. --- six times more than Frontier's initial investment.