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ATeam’s Q1 profit up 30%

Japanese Internet firm ATeam Inc. (TSE: 3662) saw a 30% year-on-year increase in net income for the first quarter of FY2020. The company reported a net income of Y75 million ($690,000 U.S.), which it attributed to the strong performance of its marketplaces. Founded in...

Court grants Avito’s trademark protection request

Russian classified site Avito has won the right to trademark protection for its brand. On Dec. 5, Russia’s Intellectual Property Rights Court handed down a ruling requiring Rospatent, the Russian Federal Service for Intellectual Property, to provide protection...

OLX Poland introduces pricing changes

OLX.pl has introduced several pricing changes in its rentals listings, computer games, electronics and car parts categories. In the real estate rentals category, the price of a single listing was increased from PLN 15 ($4 U.S.) to PLN 19.99 ($5 U.S.) for online...

Former Daimler CEO invests in German auto marketplace

Former Daimler CEO Dieter Zetsche has invested in German auto marketplace startup CarOnSale, according to a report by online magazine Gründerszene (in German). It is not known how much the Zetsche invested in the company. Zetsche, a well-known figure in the auto...

Afrimarket calls it a day

E-commerce and general marketplace site Afrimarket has shutdown operations after six years of operating in five French-speaking African markets. Co-founders Rania Belkahia and Jeremy Stoss disclosed the decision was imposed on them by investors after the withdrawal of...