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Industry News




GM offers dealer website business to three new firms

General Motors has announced it will divvy up the digital marketing business used by its 4,000-plus car dealerships, a potential windfall to providers. The business, worth tens of millions of U.S. dollars, is based on provision of websites and digital marketing tools...

Honeypot launches in Austria

Honeypot, a Berlin-based job-hunting platform, is expanding its business operations by setting up shop in Austria’s capital Vienna. This content is part of our business intelligence service. Please click the button below to learn more....

Uxin jettisons COO

Chinese b-to-b and b-to-c used auto marketplace Uxin (Nasdaq: XIN) has announced that COO William Peng has resigned “due to his pursuit of other career interests in the investment area.” Peng’s exit marks the second time that Uxin has shaken up its...

EBay’s Gittigidiyor.com launches car category

Gittigidiyor.com, one of the leading marketplaces of Turkey, started to sell new and second-hand vehicles in cooperation with Araba.com after another B to C marketplace, N11.com, started selling second-hand vehicles last month. This content is part of our business...

Jumia offers merchants loans to grow revenues

NYSE-listed Africa-based marketplace Jumia has extended the services of its proprietary payment technology JumiaPay, to include loan offerings to vendors on its site. JumiaPay, alongside credit cards and cash on delivery, is one of the payment options available on the...

Axel Springer to shed jobs after KKR deal

Axel Springer’s CEO has announced a tough cost-cutting program, which involves large job cuts that will mainly affect the German media group’s newspapers, according to a report published in Süddeutsche Zeitung (in German). This content is part of our business...

Avito sees FY2018 revenue rise by 29%

In FY2018, the No.1 Russian horizontal Avito saw revenue of about RUB20 billion ($313 million U.S.), 29% more than in FY2017. This content is part of our business intelligence service. Please click the button below to learn more....

Kaidee.com set to increase revenue by 70% in 2019

Thailand’s largest online marketplace, Kaidee.com, is on track to increase revenue by 70% in 2019. This is off the back of 68% revenue growth from value-added services in their first year of operation, 2018. The results are attributed to the company’s decision...

Proto Corp. listed on Nagoya Stock Exchange

Japan-based Proto Corporation has been listed on the first section of the Nagoya Stock Exchange, the country’s second biggest stock market after Tokyo Stock Exchange. This content is part of our business intelligence service. Please click the button below to learn...

DIP Inc. appoints chief operating officer

Japanese recruitment firm DIP Inc. has appointed Kazuhisa Iwata as a director, chief operating officer, and executive manager of personnel recruiting services and business management headquarters following the resignation of Eiji Watanabe. This content is part of our...

Leverages relocates to new headquarters

Leverages Inc., a Japanese staffing firm with local and overseas operations, has relocated its headquarters to two spacious floors in Shibuya Scramble Square (渋谷スクランブルスクエア). This content is part of our business intelligence service. Please click the button below to...

Emaar launches short-term rentals in the UAE

Ease by Emaar is a platform for short-term rentals at properties located within the UAE-based developers’ communities. Emaar is a UAE-based public real estate development company that operates internationally. The company will provide an end-to-end property management...

Holland-based Marketplace Whoppah expands into Belgium

After a succesfull launch of interior design marketplace Whoppah in the Netherlands the company is now rolling out their marketplace in Belgium. In the last three months after  Whoppah started by launching their app, the user growth went up to 50.000.  In the meantime...

Proptech startup Rever secures $2.3m

Rever, a proptech startup who is disrupting the property scene in Vietnam, has secured US$2.3 million in funding from GEC-KIP Technology and Innovation Fund. This content is part of our business intelligence service. Please click the button below to learn more....

New proptech contender in Singapore – BlueNest

Currently in pre-seed stage, and backed by Rocket Internet, Bluenest is the latest player to fight for a piece of the Singapore real estate market. This content is part of our business intelligence service. Please click the button below to learn more....

New senior hires at PropertyGuru to support growth

Southeast Asia’s leading proptech PropertyGuru has announced three new senior hires in an effort to evolve corporate governance, and bring greater diversity, breadth, and depth to the Board. This content is part of our business intelligence service. Please click the...