Mercari Inc., the operator of flea market app Mercari, has decided to wind up its operation in Europe from March next year. This is due to burgeoning operating losses in the region amid cut-throat competition from CraigsList and DePop, Nikkei Asian Review reported.
New Schibsted Media Group CEO Kristin Skogen Lund has presented her new management team, less than a month after starting her new position.
DealerPolicy, LLC has appointed Mike Burgiss, a former Cox Automotive executive with a track record of innovation, to a newly-created post as chief product officer.
South African classifieds giant Naspers has been approved for a secondary listing on the A2X stock exchange. The latter announced the news on Tuesday, saying Naspers would begin trading on Thursday, Dec. 27.
HeyCar, a German used auto vertical launched by Volkswagen Financial Services in 2017, has appointed Bertrand Parizot as its new business development director.
Owen Wilson, the chief financial officer of REA Group, will succeed Tracey Fellows as chief executive of the real estate group in January.
German used car vertical InstaMotion has a new managing director in Philipp Schwenke. Although he started his new position in October, his appointment was never publicly announced. He quietly updated his LinkedIn and Xing profiles this week.
A tumultuous year for Chinese secondary and rental brokerage and listings provider 5i5j.com (AKA, 5I5J) came to a fitting close yesterday when the chairman of the board Zheng Xiaohai 郑小海 tended his resignation. It's the second major resignation by an executive of the company in the past four months.
Newly appointed Domain boss Jason Pellegrino is undertaking a broad restructuring of the business that will see the property site operating under two business units.
Eduardo Thuler, the CEO of Seek's Catho in Brazil, has left the company for a sabbatical year with his family, the AIM Group has learned.