Blockchain technology is big in the financial sector (think fintech, bitcoins etc.), and soon it might also have an application for classifieds. Well, it’s still early days, and “soon” is probably a bit sensation-seeking in this context. But, it can’t harm to be aware early of something which might (or might not) turn into a new income source for classifieds in future.
Avito, the leading classifieds site in Morocco, received a capital injection of DH 17 million ($1.8 million U.S.) from its owner Schibsted, to bring the total investment to DH 180 million ($19 million U.S.). It was already the second capital injection in 2017 and the seventh since the site launched in 2012.
Schibsted Spain shut down the ticket resale section of marketplace Vibbo.com to ensure "quality and security" and to better "cooperate with brands and with the authorities", said spokesperson Beatriz Toribio. The "Entradas" category and all its content have been removed, meaning users will no longer be able to advertise event tickets on the app or website.
Zhuan Zhuan (转转), a mobile, c-to-c transaction platform for used goods, launched a promotion with Lenovo (联想), China’s leading manufacturer of computers, tablets, and smartphones.
Business-to-business marketplace OnTruck is changing the way Spanish companies transport their goods. On the platform, businesses search for drivers (with trucks) to transport goods. At the same time, OnTruck is also a niche jobs (or gig) site: drivers go there to find transport contracts.
Chinese opponents Alibaba and Tencent are shaping up for a fight in Southeast Asia. If the rumor is anything to go by, namely that Alibaba is about to invest in Indonesia’s Tokopedia, a c-to-c and b-to-c marketplace.
In Finland, the rental site Nettivuokraus.com signed a cooperation with Shareit Blox Car to offer its users the option to also rent cars on the site.
In Poland, the final version of online services site Fixly.pl has been unveiled with a section where providers of professional services (eg. accounting, or medical services) list their services. Users now search for contractors and professionals offering more than 700 services and bundled into six categories on the site.
Mercari, Japan’s peer-to-peer marketplace, is hoping to raise 100 billion yen ($899 million U.S.) with a listing on the Tokyo Stock Exchange (TSE), Nikkei business daily reported on Saturday. Expected before the end of 2017, the IPO may well end up the biggest of the year on the TSE, according to Nikkei.
After quietly rolling out its ‘Sell as individual’ program in Bengaluru in January this year (reported by us first, we are proud to say), Amazon Inc. now took the next, purposeful step towards offering a Craigslist-like classified platform nationwide for used goods (with on-site payment): The Sell as individual program was rebranded as Local Finds and rolled out in three new cities.