Nicole Iman | October 17, 2019 | Marketplaces, People on the Move
Leading Southeast Asian marketplace, Carousell, has announced William Ip as its managing director for Hong Kong. This marks the seventh senior hire for the Singapore-based company this year, following the hire of a head of cars in the Philippines, a new CTO and a...
Ben Salisbury | October 17, 2019 | Automotive, Marketplaces
“Go to a dealer and trade in your old car and lose on average 30 percent of its value or go to a marketplace and take care of the transaction yourself, with associated risks,” said Fabio Pinto, co-founder and CEO of CarFlix.com.br. “You don’t have another option. That...
Prabhu | October 17, 2019 | Marketplaces
General marketplace Quikr has posted $65 million U.S. in revenues for H1 of this year. The Bengaluru-based company is currently valued at INR 10,832.15 crores ($1.5 billion US), according to LiveMint. The company’s valuation is based on an independent report...
Tariq Ahmed Saeedi | October 17, 2019 | Marketplaces
Yahoo Japan Group (Yahoo.co.jp), a joint venture between Yahoo in the United States and Japanese telecom operator SoftBank, has launched a new generalist marketplace app, PayPay. The app will allow users to buy and sell a wide range of second-hand stuff. Since its...
Rebeka Shaid | October 15, 2019 | Marketplaces, Financials / Deals
Canada Pension Plan Investment Board (CPPIB) announced on Tuesday it will invest “at least” €500 million ($552 million U.S.) in a KKR-owned holding company that is conducting a public tender offer for the shares of German media giant Axel Springer. In August, U.S....
Ben Salisbury | October 14, 2019 | Marketplaces
“As a start-up, it’s difficult to work on strategic plans as you are covering everything else,” said Gabriel Gruber, co-founder and CEO of Properati, part of OLX Group. “Now, I have the resource to look at the bigger picture and plan and implement strategies.” Gruber...
