Emerging Markets Property Group, Bayut.com's parent company, has raised $50 million U.S. as part of a larger fundraising round to boost future acquisitions.
Turkey’s first second-hand luxury women's clothing startup Modacruz.com has launched its third offline store in Instanbul's City's Shopping Mall.
Russians love all things car-related. A car is a necessity in a country the size of Russia and with its harsh, long winters. However, the bad roads and the bad weather means that servicing cars is an expensive endeavour, particularly during the current economic downturn and a weak rouble. It is perhaps no surprise then that auto-parts marketplaces are booming in the country, with several major sites competing against each other and against traditional auto verticals.
Sentencing is scheduled in November for a former employee of Backpage.com, who pleaded guilty Friday to conspiracy to facilitate prostitution.
Chinese b-to-c marketplace giant TMall is now selling goods on Russian b-to-c marketplace Yandex.Market, as the Alibaba-owned company hopes to accelerate its popularity in Russia.
Britain's second-largest hybrid real estate agency, EMoov.co.uk, is anticipating 50 percent revenue growth. The company's current annualized revenue is £8 million ($10.2 million U.S.) and should hit £12-13 million for the financial year ending April 2019.
Leading U.K. job board CV-Library.co.uk has opened a new regional branch in Glasgow, Scotland and is recruiting sales staff. This follows the launch of its country-specific site Scotland-Jobs.co.uk in June.
Germany’s No. 1 auto site, Mobile.de, will raise prices by an average of 12 percent starting in September, and dealers are already reacting.
The U.S. government Friday filed a housing-discrimination complaint against Facebook, charging it with permitting ads targeted by race, religion and other prohibited practices.
Chehaoduo (AKA, CARS), the parent company of c-to-c used auto platform Guazi, has poached yet another executive from Chinese e-commerce giant Alibaba Group Holdings Ltd.. Former Alibaba senior vice president Kangming Deng has joined the company as executive president and deputy chairman of the board of directors.