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.
Financials / Deals
Jobvite buys 3 tech companies with new $200 million investment
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.
ImmobilienScout24 sells ClassMarkets to Kimeta
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 Q4 earnings down
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. Q2 revenue up 21%
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.
VinHomes’ Q4 revenue surges 47%
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.
Mercari incurs $33M operating loss
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.
MyNavi acquires ITViec.com
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.
Cluno closes $28M Series B round
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.
Agora verifies GoldenLine valuation
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.