B-to-b market Smasell enters logistics market
Business-to-business flea market Smasell is collaborating with logistics firm Matsubishi Inc. to supply textile and garments inventory to overseas buyers.
Marketplace
Used books marketplace YueLin secures funding
YueLin, a Chinese second-hand books and electronics marketplace, has announced that it's completed series A funding. Although the exact amount was not disclosed, it was confirmed that the funding was in the order of several tens of million RMB.
Naspers lost $38m on Konga sale
South African media giant Naspers has disclosed in its H1 2018 financial report that it lost $38 million when it sold Nigeria-based e-commerce and marketplace site Konga.com.
OfferUp names Rodrigo Brumana as new CFO
OfferUp has named seasoned financial executive Rodrigo Brumana as its new chief financial officer. Brumana's experience includes helping RetailMeNot with its initial public offering in 2013 when he served as its vice president of finance.
VatGia.com unveils new regulations
Leading Vietnamese marketplace VatGia.com has tightened regulations to ensure freshness listings on its b-to-c and c-to-c sections.
Used book platform WanderWhale secures funding
WeChat-based c-to-b-to-c used book platform WanderWhale (AKA, Manyou Ling) has announced that it's secured a 10 million RMB ($1.5 million U.S.) angel investment from tech incubator IStart Venture Capital.
Taobao launches Lu Ke short video app
Taobao, the c-to-c and b-to-c e-commerce platform from China’s Alibaba Group Holding (NYSE: BABA) is making a move into short video. It's launched its own, stand-alone app aimed at letting users show off their goods on the consumer-to-consumer platform.
Schibsted’s SegundaMano appoints new CEO
Mexican No. 1 horizontal SegundaMano has appointed Ariel Cilento as the company's new CEO. Cilento replaces Pål Hauff Hvattum, who assumed a VP Global Markets role at Schibsted.
Marktplaats CEO Olivier Van Duijn steps down
Following eight years as the CEO of Marktplaats.nl, including five years as the head of EBay Classifieds Benelux, Olivier Van Duijn will step down from November 1, Dutch media reported.
Niche construction site builds up in Kenya
WaziMart.com, a niche online marketplace for buyers and sellers of construction goods and services, has been launched in Kenya.