News


Taoche makes late summer push in users

Taoche makes late summer push in users

Taoche (淘车), the used auto financing and transaction platform launched by Yixin Capital Ltd. (易鑫), has taken off in terms of mobile users over the past few months. Since July monthly mobile users of Taoche have risen from 200,000 to over 1.2 million, according to the latest quarterly report from QuestMobile.


58.com’s Doumi continues to explode

58.com’s Doumi continues to explode

Doumi (斗米), a temp working app from classifieds giant 58.com (NYSE: WUBA), continues to show remarkable growth. The platform’s mobile MAU is up 638 percent year-over, according to QuestMobile. Doumi is bucking the prevailing trends in China, where recruitment sites like Zhaopin (智联招聘), 51job (前程无忧) and Lagou (拉勾) have seen a decline in mobile users over the past year. In August, recent university graduate Li Wenxing was found dead after taking a fake job posting on the recruitment site Boss Zhipin (Boss 直聘), resulting in a series of investigations into verification practices in the industry. 


Xianyu promises fast cash for used electronics

Xianyu promises fast cash for used electronics

Xianyu users can now immediately convert their used electronic goods into electronic cash on these platforms. The function - which is only available to Sesame Credit users with more than 600 credit points on their account - allows Xianyu users to convert their used electronics into cash on their Alipay account without needing to list and sell the goods.


AutoTrader powers new insurance data tool

AutoTrader powers new insurance data tool

AutoTrader.co.uk, the top auto vertical in the U.K., is using its data to power a new repair-assessment tool for British insurance brand Aviva. The tool helps Aviva determine via phone if a car is a total write-off, rather than waiting for the vehicle to be assessed by a mechanic.


Courtesy of Movinga GmbH

Movinga raises $26 million US after restructuring

Movinga, the German relocation platform backed by Rocket Internet, raised €22 million ($26 million U.S.) in a funding round, reported Gruenderszene this week (in German). Company management claims the restructuring is on track and that it expects to generate revenue of €20 million ($23 million U.S.) in FY2017.


Iran’s busy realty market gets a search engine

Iran’s busy realty market gets a search engine

Iran is drowning in real estate sites. So, it was to be expected that a real estate aggregator would appear on the scene sooner or later, to make the online market more transparent. The property listings aggregator MelkRadar.com pulls in listings of all the top verticals and horizontals in Iran on its desktop site and mobile app, and emails listings to users.


Japan’s Aucfan invests in Thailand’s Hipflat

Japan’s Aucfan invests in Thailand’s Hipflat

Hipflat, Thailand’s technology-driven real estate site for private and professional sellers and landlords, raised an undisclosed amount from Aucfan, one of Japan’s largest search engines for new and used goods on auction and offered at fixed prices (on, for instance, Yahoo!, Rakuten, and Amazon). 



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