Financials / Deals



Lifull posts respectable revenue growth of 16%

Lifull Co. Ltd. (TSE: 2120), owner of Japan’s leading real estate vertical Lifull Home’s (at Homes.co.jp) and general classifieds aggregator Trovit, reported 15.9 percent y-on-y growth in its revenue to ¥15.9 billion ($141.3 million U.S.) for the six-month period to Sept. 30, driven primarily by the Home’s services business segment.

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China’s Lianjia stays mum on capital injection

Chinese real estate agency Lianjia (链家, otherwise known as Homelink) completed another round of investment earlier this month, albeit without disclosing this fact. One reporter for China's Pencil News has found that on November 7 the registered capital of parent company Beijing Lianjia Fangdichan Jingji Ltd. (北京链家房地产经纪有限公司) rose by around five percent, according to public disclosures. The company also added four new stock holders, three of which are subsidiaries of investment groups Hillhouse Capital China (高瓴资本), China Renaissance (华兴资本) and China Venture (治平资本), respectively.

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Revenue, losses way up at Bitauto

Chinese auto services platform Bitauto Holdings Limited (NYSE: BITA), continued to record meteoric growth in its transaction business in Q3 2017. Revenue was 2.34 billion RMB ($227.4 million), up 53 percent year-over-year, although the company also recorded an operating loss of 433 million RMB for the quarter, up from 13 million RMB in Q3 2016. Bitauto is attributing this to stock options granted to employees of its Yixin Group (易鑫集团) affiliate. 

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Jobindex wins as job vacancies soar in Denmark

There is an old adage in the classified business: When companies find it more difficult to recruit and find qualified candidates, they tend to spend more money on advertising and increase their spending on corporate branding. This is what is happening in Denmark, and one saw proof in the Q3 earnings report of Jobindex (released yesterday). The report confirmed that these are good times for Jobindex.

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Fang Holdings slips back in black in Q3

Chinese property platform Fang Holdings Ltd. (NYSE: SFUN) is ramping up its performance as it transitions back from its unsuccessful foray into direct sales. Still hamstrung by a sluggish Chinese housing market, the New York-listed company reported total revenue of $112.2 million U.S. in Q3 of FY2017, down 55.1 percent y-on-y. 

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Scout24 rolls out unit for consumer services

Scout24 rolls out unit for consumer services

Germany’s Scout24 AG used its first Capital Markets Day in Berlin this week to launch a new operating unit, called Consumer Services. The owner of real estate site ImmobilienScout24 (IS24) and auto platform AutoScout24 (AS24) said it’s a move to further push business beyond listings and into transactions.

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China’s Tencent lifts revenue 61% in Q3

Tencent (腾讯) (SEHK: 00700), the Chinese tech giant and Asia’s most valuable company (market cap $472 billion U.S.), reported another blistering quarter across all of its major segments - online/mobile gaming, social networks and online advertising.

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