Nicole Iman | August 16, 2019 | Real Estate, Marketplaces
Shwe Property, the first and leading property vertical in Myanmar, has secured $3 million in Series B funding from a star-studded line-up of private and institutional investors. The company is now backed by some of the most successful online classified and property...
Alexi Touma | August 16, 2019 | Recruitment, Financials / Deals
Bayt.com, the leading recruitment vertical in the Middle East and North Africa, has teamed up with U.K.-based Simply Jobs Boards, which operates a group of niche verticals. Together, the companies plan to enhance the recruitment process for the aviation, law and motor...
Greg Spencer | August 16, 2019 | Automotive
Cox Automotive Inc. subsidiary Kelly Blue Book will launch new vehicle-valuation services in Canada in both French and English: the country’s two official languages. The rollout includes: MarketLens, which allows used-car sellers to input vehicle identification...
Greg Spencer | August 16, 2019 | Recruitment, Financials / Deals
Healthcare recruitment start-up Nomad Health has raised $34 million U.S. in equity and debt financing to accelerate its quickly growing business. Icon Ventures, a Palo Alto-based venture capital firm, led the round with participation from prior investors Polaris...
Rebeka Shaid | August 16, 2019 | Financials / Deals
The grandchildren of Axel Springer — founder of Axel Springer SE — have tendered some of their shares to U.S. equity fund KKR as part of the investor’s bid to buy out minority shareholders. The heirs — Ariane Melanie Springer and Axel Sven Springer...
Ben Salisbury | August 16, 2019 | Automotive
Leading British vertical AutoTrader.co.uk has changed its search functions to prioritize the criteria consumers select. The switch followed testing that showed it would create 10% more leads than when the price was given higher priority. The switch also delivered more...
Tariq Ahmed Saeedi | August 16, 2019 | Marketplaces
Yahoo Japan Group (Yahoo.co.jp) — a joint venture between Yahoo in the U.S. and Japanese telecom operator SoftBank — is hoping to retain its leadership in classifieds with the launch of a new flea market app this fall. The move sounds like a...
Tariq Ahmed Saeedi | August 16, 2019 | Recruitment, Financials / Deals
Tokyo-based recruitment information firm Career Index Inc. has invested an undisclosed amount in temp app Wakrak.jp through underwriting a third-party allotment of shares. Career Index hopes to create business synergies and growth in the informal job sector by...
Nicole Iman | August 15, 2019 | Real Estate, Financials / Deals
Singapore-based online rental platform Flat Monthly has received $320,000 U.S. in seed funding from Hong Kong’s Terra Capital. The company has set its sights on establishing a larger footprint across Southeast Asia. The site envisions a more mobile and flexible...
Angela Hawksford | August 15, 2019 | Real Estate, Financials / Deals
Profits at Domain, the No. 2 property site in Australia, tumbled 29% in the 2019 fiscal year, as property sales dropped to their lowest levels in more than 20 years. The company reported net profits of $37.4 million AUD ($25.3 million U.S.). CEO Jason Pellegrino said...
Greg Spencer | August 15, 2019 | Real Estate, Financials / Deals
Following the example set by competitors Redfin and OpenDoor, Keller Williams Realty is expanding its budding home-flipping business by tying up with established home flipper OfferPad. Keller Williams, the top-selling real estate franchise in the U.S., has entered...
Tariq Ahmed Saeedi | August 15, 2019 | Recruitment
Adecco.co.jp, a Tokyo-based subsidiary of Adecco Group, has launched consulting services to help small- and medium-sized enterprises tackle labor shortages with modern tools. Adecco has been focusing on large businesses in Japan and this is the first time it’s...
Tariq Ahmed Saeedi | August 15, 2019 | Real Estate
Japanese Internet firm Living Technologies Inc. has launched a property bulletin at Fudosan-Guide.org to disseminate marketing know-how and tips to attract customers. The bulletin teaches real estate companies how to use advertisements effectively and how to broaden...
Tariq Ahmed Saeedi | August 15, 2019 | Recruitment
No. 1 Japanese applicant tracking system vendor HR Solutions has obtained information security management certification from the International Organization for Standardization (ISO) in recognition of the company’s IT best practices. ISO / IEC 20000-1: 2018 was awarded...
Tom Marling | August 15, 2019 | Marketplaces, Financials / Deals
Alibaba is in talks with NetEase to acquire its cross-border e-commerce arm Kaola. It may merge the unit with its Tmall International platform, according to Technode.com. Alibaba could pay as much as $2 billion U.S. to complete the takeover, Sina Finance reported. The...
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. The site boasts a pool of qualified lawyers with expertise in diverse areas including business incorporation, trademark, litigation, property law,...
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....
