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Industry News




RentID launches U.K. rental property portal

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...

Job verticals lead Crowd Works’ Q1 sales bump

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...

Zigexn’s Q3 profits drop 15% from sales decline

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...

SellAnyCar.com raises $35M

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...

Persol incurs $6M loss from WebAn closure

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....

IPublish releases small-business ad product

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...

Coronavirus fears halt 58 Home’s IPO plans

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...

Cars.com unveils digital video ad product

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...

MeinAuto.de rolls out car subscription service

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...