Tom Marling | August 15, 2019 | Marketplaces, Financials / Deals
Chinese search leader Baidu Inc. has dropped off the list of China’s five most valuable internet companies ahead of its Q2 results scheduled for early next week, Bloomberg reports. The company revealed its first quarterly loss in more than 15 years in its Q1 2019...
Tom Marling | August 15, 2019 | Marketplaces, Financials / Deals
Chinese e-commerce giant Alibaba Group Holding Ltd. (NYSE: BABA) continues to swim against the tide of a national economic slowdown, posting quarterly revenues that beat the highest analyst estimates, Bloomberg reports. Revenue at Asia’s biggest company rose 42% to...
Adegoke Seun | August 14, 2019 | Marketplaces
QuickLaw, a Nigeria-based legal service marketplace, has been launched to offer customers easier access to legal advice. This content is part of our business intelligence service. Please click the button below to learn more. Subscribe Username Password Remember Me...
Tariq Ahmed Saeedi | August 14, 2019 | Financials / Deals
Leading Japanese crowdsourcing company Crowd Works Inc. (TSE: 3900) has succeeded in significantly reducing its losses for the nine months ended June 30, 2019, to Y70.2 million ($663,757 U.S.). This was due to the growing demand for freelance and side jobs, according...
Tariq Ahmed Saeedi | August 14, 2019 | Real Estate
VR tech developer Nurve Inc. has plans to roll out a new rental property search engine called Anywhere Rent from October 2019. The site will let users take virtual tours of rooms or condominiums and consult with a concierge desk via video calling. Established in Oct....
Tariq Ahmed Saeedi | August 14, 2019 | Real Estate
Property start-up InSupeKaitori.com has tied up with Century 21 to build a platform for selling detached houses on a real-time basis to registered merchants. Under the agreement, InSupeKaitori will connect its sellers with 950 members of Century 21 Japan, who are...
Tom Marling | August 14, 2019 | Marketplaces, Financials / Deals
Chinese e-commerce leader JD.com has seen its stock price jump 8% in the wake of stronger-than-expected Q2 results. Net revenues reached 22 billion RMB — a 23% year-over-year increase. Active customer accounts grew to just more than 321 million. JD.com also made...
Tom Marling | August 14, 2019 | Financials / Deals
Tencent Holdings Ltd. “sustained solid user, revenue and profit growth” in Q2 2019, according to chairman and CEO Pony Ma Huateng. The company’s revenues rose by 21% to 88.8 billion RMB ($12.5 billion U.S.). This included strong gains in fintech...
Cila Warncke | August 14, 2019 | Marketplaces
Adevinta Spain, the owner of some of the country’s leading verticals and its leading horizontal, is building its team. CEO Gianpaolo Santorsola said the company is recruiting for 60 tech roles, as well as marketing positions. Some of the jobs are...
Adegoke Seun | August 14, 2019 | Marketplaces
Otchitanda, an online marketplace for professionals and private sellers, has been launched in Angola. Sellers can use the platform to sell new and used items ranging from books, electronics, apparel, accessories and more. This content is part of our business...
Lars Herlin | August 14, 2019 | Financials / Deals
Vostok New Ventures continues to invest in classifieds. Its H1 report reveals that it invested $3.3 million in exchange for a 28% stake in the luxury goods marketplace James Edition. Vostok´s most recent investments after the sale of Avito have gone to AI-driven...
Tariq Ahmed Saeedi | August 14, 2019 | Recruitment
Recruitment support tool En-Gage.net now allows its more than 200,000 corporate clients to post job listings on fast-growing job-matching app Career.Line.me, for free. En-Gage has already provided its customers with free access to Google for Jobs and Indeed.com. The...
Nicole Iman | August 14, 2019 | Automotive, People on the Move
No.1 Indonesian auto vertical BeliMobilGue has appointed former OVO director Johnny Widodo as its new CEO. This comes as the company recieved a $30 million U.S. investment from Berlin-based Frontier Car Group. Widodo (LinkedIn profile) joins the company from Frontier,...
Nicole Iman | August 14, 2019 | Real Estate
Property agents in Singapore are unhappy over another price hike imposed by leading property marketplace PropertyGuru. The price increase, which takes effect from September 1, is being introduced only two years after a backlash over 2017 increases. This content is...
Adegoke Seun | August 14, 2019 | Marketplaces
AliPay, the digital wallet and payment technology from global marketplace giant Alibaba.com, has tied up with FlutterWave, a payment processing site based in Lagos and San Francisco. The business agreement allows AliPay’s merchants to easily receive and make payment...
Tariq Ahmed Saeedi | August 14, 2019 | Real Estate, Financials / Deals
Global staffing giant Recruit Holdings has invested in Canadian tech start-up Properly Inc. — an AI-powered IBuyer. The Series A round is reportedly worth $22 million U.S. Recruit plans to help the company develop peripheral services related to property sales...
Rebeka Shaid | August 14, 2019 | Financials / Deals
German media group Axel Springer has reported a 23% decline in net earnings, which dropped to €78 million ($87 million U.S.) during the second quarter, due to weaker economic conditions. The company reported a slight increase in sales for its classified media segment,...
Ben Salisbury | August 14, 2019 | Automotive
German used-car vertical HeyCar was launched in Britain today. The company was first launched by Volkswagen Financial Services in Germany in 2017 and aimed to challenge the dominance of German market leaders Mobile.de and AutoScout24. HeyCar’s U.K. operations...
Cila Warncke | August 13, 2019 | Automotive
Spanish auto marketplace Trive (at GoTrive.com) has debuted a three-month test drive for used and nearly new vehicles. The service allows clients to use a car for up to 90 days before purchase. Trive provides insurance, maintenance and breakdown cover during the test...
Rebeka Shaid | August 13, 2019 | Recruitment, Financials / Deals
New Work SE (formerly known as Xing SE) reported an 18% increase in group revenue, which rose to €128 million ($143 million U.S.) during the first six months of the year. This content is part of our business intelligence service. Please click the button below to learn...
