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Industry News




Prosus, meet Prosus: Trademark issues, anyone?

Prosus, meet Prosus. There's the multinational $98 billion Prosus, majority owned by Naspers and traded on Euronext Amsterdam — and then there's Prosus.ai, a recruitment sourcing tool owned by First Round Technology AG of Cham, Switzerland. Sounds like someone's got...

Jiji raised 21M US dollars in series C

The No.1 Nigeria-based horizontal Jiji.ng announced a 21 million US dollars series C and C-1 from six investors led by Knuru Capital. It’s the second huge story on Jiji since 2019. The first one related to its purchase of OLX’s horizontals in Nigeria, Ghana, Kenya,...

KKR finalizes buyout of Axel Springer

Private equity firm KKR had received its final merger clearance, the last hurdle in its buyout of German media group Axel Springer. The buyout began earlier this year when New York-based KKR acquired 44.28% of Springer shares, making it the Axel Springer's largest...

Rightmove’s legacy in peril, says British bank

British investment bank Jefferies has warned investors that Rightmove’s legacy is on the “brink of demise” in a briefing note and set its share price target at 500p, well below its current level of 620p. The bank said the reason for the warning was not due to...

Indeed expands Connecticut hub

Recruitment site Indeed has leased new offices to accommodate growth at its Stamford, Conn. flagship, one of its two global operations headquarters. The new offices have 24,000 square feet (2,230 square meters) of floor space and will serve about 200 staff, according...

Streeteasy raises rental listings fees 25%

Streeteasy will ring in the New Year like it did last year — by raising its rates on rental apartment listings. The company says it will raise its per-listing fee 25%, from $4.50 U.S. to $6 U.S. This content is part of our business intelligence service. Please click...

EasyProperty relaunches as hybrid brand

U.K.-based online property agency EasyProperty has relaunched as a hybrid brand focused on local marketing. This change comes on the heels of property marketing exec David Brierley’s recent purchase of the brand from EasyJet owner Sir Stelios Haji-Ioannou....

ATeam’s Q1 profit up 30%

Japanese Internet firm ATeam Inc. (TSE: 3662) saw a 30% year-on-year increase in net income for the first quarter of FY2020. The company reported a net income of Y75 million ($690,000 U.S.), which it attributed to the strong performance of its marketplaces. This...

Spoticar eyes U.K. launch in early 2020

Spoticar, a used car brand that operates across Europe, will launch in the U.K. next year. The platform brings together seven separate used-car operations, including Peugeot Lion, Citroën Select, Opel and Vauxhall NetworkQ, under a single brand. Launched in France in...

Lifull Home’s launches emotion-based home search tool

Japanese real estate marketplace Lifull Home’s has launched an AI-based system that recommends properties based on a user’s Twitter posts. Known as Life Will, the system parses up to 200 tweets and categorizes the user’s emotions into one of 12 categories,...

Used motorcycles marketplace CredR raises $6 million

Mumbai-based used motorcycles marketplace CredR has raised $6 million U.S (₹38 crores) from Omidyar Network, an Indian investment firm run by Pam and Pierre Omidyar, the founder of EBay. This content is part of our business intelligence service. Please click the...

ICar Asia eyes 50% growth in 2020 revenue

ICar Asia, an operator of auto marketplaces across Southeast Asia, expects revenue to grow by 50% year-on-year in 2020. The company's predictions are based on consistent growth in its core businesses and anticipated returns on its recent acquisition of Carmudi in...

Court grants Avito’s trademark protection request

Russian classified site Avito has won the right to trademark protection for its brand. On Dec. 5, Russia’s Intellectual Property Rights Court handed down a ruling requiring Rospatent, the Russian Federal Service for Intellectual Property, to provide protection...

HeadHunter posts strong Q3 revenue growth

HeadHunter, the leading recruitment vertical in Russia, reported revenues of RUB 2.14 billion ($34 million U.S.) in the third quarter of 2019, a 30% year-over-year increase. The company attributed this growth to a revenue increase in its Russian segment, which grew by...

Neuvoo to rebrand as Talent.com

Within the next six months or so, Neuvoo will disappear from the internet, replaced by a new domain, Talent.com. This content is part of our business intelligence service. Please click the button below to learn more....

OLX Poland introduces pricing changes

OLX.pl has introduced several pricing changes in its rentals listings, computer games, electronics and car parts categories. In the real estate rentals category, the price of a single listing was increased from PLN 15 ($4 U.S.) to PLN 19.99 ($5 U.S.) for online...

Former Daimler CEO invests in German auto marketplace

Former Daimler CEO Dieter Zetsche has invested in German auto marketplace startup CarOnSale, according to a report by online magazine Gründerszene (in German). It is not known how much the Zetsche invested in the company. This content is part of our business...

Afrimarket calls it a day

E-commerce and general marketplace site Afrimarket has shutdown operations after six years of operating in five French-speaking African markets. Co-founders Rania Belkahia and Jeremy Stoss disclosed the decision was imposed on them by investors after the withdrawal of...