Industry News
LaCentrale: Axel Springer puts up No. 1 auto vertical for sale
Axel Springer, the Germany-based media giant, is reportedly selling its automotive marketplace business in France. According to France-based financial newspaper...BitAuto shareholders approve merger agreement
BitAuto’s shareholders voted to approve a merger agreement at a general meeting today. The move is the latest step in the Chinese auto vertical’s $1.1...Cox introduces video-ad tool for online channels
Cox Automotive’s Dealer.com division has unveiled a product that helps dealerships with online video marketing. Called Connected Video, the product uses Cox...Early-career jobs site Handshake raises $80M in funding
Handshake, a recruiting startup focused on college students entering the workforce, has raised $80 million in a Series D funding round led by GGV Capital. That...PistonHeads founder invests in collectible car auctions site
David Edmonston, founder of used car news website PistonHeads.com, is involved in a new venture. He’s now a minority shareholder in CollectingCars.com, a...Randstad Q3 2020: Revenue decline posts recovery
Randstad Holding reported a 14% year-on-year decline in revenue for the third quarter ending September 30, a marked improvement from Q2. The stronger showing was...Multivertical Q3 results: Alma Media dips, Kinnevik cuts Quikr’s valuation again
Two multivertical businesses reported Q3 2020 results this week: Finland-based Alma Media and Sweden-based marketplace investor Kinnevik. As with most marketplace...Virtual-tour proptech prospering in the prolonged pandemic era
Various property verticals show massive jump in virtual viewings This has helped drive ‘blind purchases’ of real estate Proptech firms are seeing the benefit, with...Axel Springer’s Car&Boat Media for sale: Three contenders for €400 million deal
LaCentrale, the leading auto vertical in France, is the prize asset for sale Three parties reportedly interested, including AutoScout24 Reasons for selling include...Facebook Marketplace launches in Ethiopia
Facebook has announced the rollout of its popular Marketplace service in Ethiopia. The service offers a convenient destination where people can discover, buy and...Alma Media Q1-Q3 2020: Revenue, profit decline
Alma Media recorded a 12% revenue dip for its markets division, which houses its classifieds businesses*, in the first three quarters of FY2020. Adjusted operating...Auto Trader unveils guaranteed trade-in tool
Leading British auto vertical Auto Trader has launched beta testing with retailer partners for a guaranteed trade-in tool for its marketplace. Auto Trader says the...Zillow revamps pricing for its growing rental-ad business
Zillow is fine-tuning a relatively small but growing part of its business by revamping the pricing structure for its rental listings. This week, it announced the...Cars45’s new service targets import process
Nigeria-based auto site Cars45 has introduced an end-to-end importation service called Easy Ship Direct. The service lets Cars45 work on behalf of consumers to...Allegro extends cooperation with InPost
Allegro, the largest b-to-c marketplace in Poland, has extended its agreement with delivery company InPost for another seven years. The companies are working to...Dot Property founder backs new Singapore proptech firm
Singapore tech-based real estate agency Propseller recently reported raising $1.2 million U.S. in seed funding from several investors, including Dot Property...104 Corp. Q3 2020: Revenue recovers from April drop
Taiwanese job site operator 104 Corporation (TSE: 3130) saw revenue recover quickly in the third quarter of 2020. The company attributed it to a recent increase in...Kinnevik Q3 2020: Quikr valuation continues to drop
Kinnevik the Swedish investment company presented a strong Q3 report last Thursday with Net Asset Value up 23% in the quarter. “As the world continues to...MercadoLibre to invest $100M in Chile distribution center
MercadoLibre (Nasdaq:Meli), an e-commerce and classifieds site operating in several Latin American countries, said it will invest a combined $100 million over the...Load More Articles
