Angela Hawksford | February 18, 2020 | Automotive, People on the Move
Lauren Williams, the former CEO of CarsGuide, has joined the board of Australia-based car subscription service CarBar as a non-executive director. CarBar launched in Melbourne in 2016. It’s since raised $22.6 million AUD ($15.1 million U.S.) in funding,...
Lars Herlin | February 18, 2020 | Marketplaces, Financials / Deals
A strong job market led Jobindex Group to achieve net sales of DKK 314 million ($45 million U.S.) in the 2019 financial year. According to a report from the company on Tuesday, Jobindex Group turned a profit (before interest and taxes) of DKK 89 million, which...
Greg Spencer | February 18, 2020 | Automotive
Motorcloud, a new automotive listings aggregator, has rolled out a feature that lets private sellers auction off their vehicles to car dealers. The new feature, Cloud Cash, gives private sellers access to the 3,000 U.S. car dealers belonging to the network of...
Ben Salisbury | February 18, 2020 | Real Estate
Proptech startup RentID has launched a new property rental portal that offers marketing and management tools to help landlords manage their property portfolio efficiently. The online management platform connects landlords with tenants and serves as an alternative to...
Tariq Ahmed Saeedi | February 18, 2020 | Recruitment, Financials / Deals
Outstanding performance from its job verticals led Japanese crowdsourcing company Crowd Works Inc. to turn over Y2.3 billion ($21 million U.S.) in sales in the first quarter of the financial year. That amounted to an increase of 15.5% year-on-year. But the news was...
Tariq Ahmed Saeedi | February 18, 2020 | Marketplaces, Financials / Deals
Profits at Japanese internet firm Zigexn Inc.’s fell 15% to Y590 million ($5.3 million U.S.) in the third quarter of 2019 (the Japanese financial year ends March 31, 2020). The company attributed this loss to a 4.6% year-on-year decline in sales. Revenue also slipped...
Tariq Ahmed Saeedi | February 18, 2020 | Real Estate, Marketplaces, Financials / Deals
Japanese internet firm LiveSense Inc. is still riding high on the sale of its marquee real estate listing site, Chintai.Door.ac. The company saw profits surge more than threefold to Y1.2 billion ($10.9 million U.S.) in the 2019 financial year. That’s compared to...
AIM Group | February 17, 2020 | Automotive, Financials / Deals
SellAnyCar.com, a new vehicle marketplace in the Middle East, has secured $35 million U.S. in venture capital in a round led by Sanabil Investments, a subsidiary of Saudi Arabia’s sovereign wealth fund. SellAnyCar inspects vehicles from individual sellers and offers...
Tariq Ahmed Saeedi | February 17, 2020 | Recruitment, Financials / Deals
Persol Holding’s decision to shut down part-time job board WebAn has continued to take a toll on the company’s bottom line. The Japanese recruitment company posted a net loss of Y654 million ($5.9 million U.S.) for the nine-month period that ended on Dec....
Greg Spencer | February 17, 2020 | Marketplaces
IPublish Media Solutions, which lets newspapers sell classified and retail ads through its self-service AdPortal platform, has rolled out a new product targeted to small-business advertisers. Dubbed Classifieds Plus, the product helps newspapers target small-business...
Tariq Ahmed Saeedi | February 17, 2020 | Real Estate, Marketplaces, Financials / Deals
Lifull Co. Ltd., the owner of Japanese real estate vertical Lifull Home’s, saw net profit drop 49.7% year-on-year to Y504 million ($4.5 million U.S.) in the first quarter of 2020. Growth investment, as well as increasing personnel and advertising expenses led to...
Luigi Serenelli | February 17, 2020 | Marketplaces, Financials / Deals
TX Markets Advertising, the marketplaces marketing division at TX Group, formerly known as Tamedia, has teamed up with Integral Ad Science to offer targeted ads for premium sites in Austria and Switzerland. Integral Ad Science, which runs an ad verification service,...
Tariq Ahmed Saeedi | February 17, 2020 | Recruitment, Financials / Deals
Indeed and Glassdoor continued to be star performers for Recruit Holdings in the third quarter of 2019. The Tokyo-headquartered group’s quarterly revenue jumped 3.6% year-on-year to Y608.5 billion ($5.5 billion U.S.). However, overall profits in Q3 decreased...
AIM Group | February 15, 2020 | Marketplaces, Financials / Deals
58 Home has delayed its $2 billion U.S. initial public offering, sources say. The Chinese subsidiary of classifieds giant 58.com has apparently suffered from decreased demand in the aftermath of the coronavirus outbreak. Last month, we reported that 58 Home, also...
Greg Spencer | February 14, 2020 | Automotive
Seeking to capture “dated and inefficient” TV ad spend, Cars.com has launched a new video streaming ad product. The new product, FUEL In-Market Video (IMV), offers dealerships access to a library of video ads, as well as access to 5% of U.S. households currently...
Cila Warncke | February 14, 2020 | Real Estate, Financials / Deals
Idealista, the leading real estate vertical in Spain, has invested in Barcelona-based YaEncontre.es, which is owned by Grupo Godo. But details of the investment, which the company announced in a press release, hints at something closer to an acquisition. Idealista...
Greg Spencer | February 14, 2020 | Automotive, People on the Move
CarSaver, a car-buying service that operates out of Walmart stores in the U.S., has named Heather Pollard as its chief operating officer. Pollard is a longtime veteran of the United States Automobile Association (USAA), which provides financial and other services to...
Rebeka Shaid | February 14, 2020 | Automotive
MeinAuto.de, a German business-to-consumer platform for new car purchases, has rolled out a new car subscription service that starts at 229 euros ($249 U.S.) a month. The company, a subsidiary of Mobility Holding GmbH, runs one of Germany’s largest online portals for...
Andrzej Sowula | February 14, 2020 | Real Estate, Recruitment, Marketplaces, Financials / Deals
Sanoma Group has acquired Alma Media’s regional news media business in a deal worth 115 million euros ($125 million U.S.). The company also announced a strategic review of its subsidiary Oikotie Ltd., a leading classified company in Finland, including a possible...
Lars Herlin | February 14, 2020 | Marketplaces, Financials / Deals
The Adevinta spin-off seems to have somewhat dampened Schibsted’s earnings, with revenue in the fourth quarter increasing by just 1%. However, the company’s Nordic Marketplaces division held strong, delivering a 6% increase in sales. Yesterday, Adevinta...
