Ringier AG and Axel Springer have become strategic investors in emerging markets real estate vertical Lamudi. The companies will share a seat on the advisory board, which will be managed by Ringier, for now. The financial details of the agreement were not disclosed.
Paris-based media group Trace has acquired an undisclosed stake in Senegal-based mobile classifieds site CoinAfrique.
Allegro.pl, the largest marketplace for new and used goods in Poland, has launched a special section for car mechanics. It complements the horizontal’s offer for workshops, which buy large quantities of car parts, oils, and automotive tools on the site.
As the loss-making marketplace app implements its turnaround strategy to increase revenues and reduce costs, the Schibsted-owned Shpock has drastically cut its number of employees from 180 to 102.
Chinese online fintech provider 58Finance (AKA, 58JinRong), a subsidiary of classifieds giant 58.com (NYSE: WUBA), has announced the completion of series A financing round worth 400 million RMB ($57.5 million U.S.).
Turkish, mobile-first, women's fashion app Dolap has been downloaded 2 million times for iOS and Android smartphones. The app helps women trade second-hand clothing.
OneFlare has acquired cleaning start-up TidyMe for an undisclosed sum, as the Domain-backed online trades and services site looks to broaden its offering across the local services sector.
An executive shuffle at online trades and services site HiPages has seen co-founder Roby Sharon-Zipser elevated to co-chief executive. This follows the appointment of Melissa Fahey as chief financial and operations manager and Herry Wiputra as chief technology and product officer.
The previously San Francisco-based Marketplace Conference, organized by SpeedInvest X and AutoTech Ventures, will be presented in Berlin on November 28.
Yahoo Auctions, the pioneer of inter-individuals online trade in Japan, has introduced a free listing option in response to similar moves from its younger competitors Jmty.jp, Mercari, and Rakuma.