
Profits down 82 percent at CarSales
Profits at CarSales, the No. 1 autos site in Australia, plummeted 82 percent to $11.1 million AUD, due to a $48 million AUD impairment charge on its finance business Stratton.
Profits at CarSales, the No. 1 autos site in Australia, plummeted 82 percent to $11.1 million AUD, due to a $48 million AUD impairment charge on its finance business Stratton.
Recruitment vertical Jobvite got $200 million in outside investment and has used it to acquire three recruitment startups to build a more comprehensive, integrated package of software.
Kimeta GmbH, the operator of the German job-search engine Kimeta.de, has bought ClassMarkets, which provides software-as-a-service for real estate and jobs sites.
DHI Group, the parent company of the Dice.com tech-job board, continued its earnings slide with management blaming recent non-core sell-offs.
News Corp. reports a 24 percent jump in quarterly revenue, including significant growth in its digital real estate revenue. News Corp. owns both Move Inc., parent company of Realtor.com, and REA Group, the Australia-based real estate company.
High-end Vietnamese property vertical VinHomes (HOSE: VHM) recorded a 47 percent year-on-year revenue increase to VND 16.4 trillion ($708 million U.S.) for the fourth quarter ended Dec. 31, 2018.
Japanese flea market operator Mercari Inc. incurred an operating loss of ¥3.6 billion ($33 million U.S.) for the six months ended Dec. 31, 2018, as it continued its advertising spree to attract buyers. The company did not prepare financial statements for the corresponding period a year earlier.
Tokyo-based MyNavi Corp., which owns and operates multiple job-matching sites, has acquired leading Vietnamese IT-focused recruitment portal ITViec.com for an undisclosed sum.
Digital car subscription start-up Cluno has raised $28 million from Valar Ventures, the company announced. Existing investors Acton Capital Partners and Atlantic Labs also participated in the Series B round. The two invested €7 million ($8 million U.S.) in the business in April 2018.
Polish media group Agora has verified the valuation of its recruitment site GolednLine.pl. The company said the impact of this valuation write-down on its net result would be about PLN 5.6 million ($1.5 million U.S.) in Q4 of FY2018.