Industry News
Cazoo: Well-financed company leading the digital-dealer revolution in the U.K.
Leading digital dealer in the U.K. saw $52 million in sales in H1 2020 Business projections suggest revenue of $4.2 billion by 2024 Main competition are...Automotive marketplaces by revenue: The world’s Top-10 groups ranked
Companies based in China and U.S. dominate the rankings Verticals from Australia, U.K. and Japan also make the list Only one company sees over $1 billion U.S. in...Bauer Media poaches Ansvig Sø from EBay Denmark
Bauer Media has hired Tue Ansvig Sø to lead the company’s online comparison platforms. Bauer poached Ansvig Sø from EBay Denmark, where he served as chief...Nepal-based real estate startup Basobaas plans virtual expos
Nepal-based real estate marketplace Basobaas.com is set to launch several virtual virtual exhibitions. It had originally planned to launch it earlier this year but...GooNet launches chatbot for car repair, inspection
Japanese used-car marketplace GooNet has launched an AI chatbot for customers to book vehicle inspection and maintenance at any of its registered pit shops. The...Axel Springer heiress names successor
Friede Springer, the majority shareholder and heiress of German media giant Axel Springer SE, is giving a large part of her shares to CEO Mathias Döpfner, the...TX Group promotes Suter to lead data strategy
Zurich-based TX Group (formerly Tamedia) has promoted Yannick Suter to the newly created position of chief data officer. Suter (LinkedIn profile) will drive the...Zillow lets in-house agents sell company inventory
After years of denying that it would ever get into the home-listing business, Zillow announced today that it plans to do just that. In three test markets —...Jennifer Ravalli to lead marketing at PandoLogic
Programmatic recruitment platform PandoLogic has named Jennifer Ravalli, formerly of ICIMS, as its vice president of marketing. Ravalli (LinkedIn profile) will...HeyCar teams with Experian for financing checks
HeyCar, the Volkswagen and Daimler-backed used-car vertical, has partnered with Experian to let U.K. customers find car finance deals and check if they will be...Pracuj Ventures invests in work-gamification company
Grupa Pracuj’s venture capital fund, Pracuj Ventures, has acquired a stake in the work-gamification company Gamfi for an undisclosed amount. Gamfi says it...Report: Zumper discriminated against rental applicants
The U.S. apartments site Zumper systematically discriminated against certain rental applicants because they received federal housing assistance, according to a...Carsome and Shopee launch new collaboration
Carsome, an auto marketplace operating in Southeast Asia, is now collaborating with Shopee in Malaysia to offer used cars for sale. The listed vehicles are Carsome...New FB feature drives traffic to Marketplace instead of dealerships
Facebook has rolled out a new ad product that it says will make car listings more effective by keeping shoppers on Facebook rather than driving them to...Soumobroto Ganguly becomes Cars45 CEO
Soumobroto Ganguly has taken over as chief executive officer at Nigeria-based leading auto company Cars45 following the rather quiet exit of the former Ceo Etop...OLX Poland to limit free listings in several categories
Prosus-owned OLX.pl will limit free listings in several categories starting October 7. Fashion and For Children listings will be limited to 50 per month. Each...OLX Group appoints Draginas to lead European auto sites
OLX Group has appointed Lukas Draginas, the former general manager of Polish auto site Otomoto.pl, as head of the OLX’s European auto sites. Przemysław Vonau...51Job sets up committee to evaluate buyout offer
51Job, the China-based recruitment site, announced today that it had formed a special committee tasked with evaluating the $5.3 billion U.S. buyout offer it...58.com completes merger, goes private
58.com, the China-based classifieds giant, has gone private after merging with Quantum Bloom, a shell company set up for the transaction. The classifieds company...Recruit’s Carsensor.net sees fast transition to digital-only sales
Japanese autos marketplace CarSensor.net, owned by Indeed’s owner Recruit Holdings, has seen customers quickly transition to digital-only sales after the...Bayut launches agent portal
UAE-based Bayut has launched a portal aimed at real estate agents as part of the website’s plan to capitalize on market share following its merger with...Load More Articles
