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Industry News




Shwe Property raises $3 million

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...

Bayt.com and Simply Jobs Boards team up

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...

Kelly Blue Book expands in Canada

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...

Axel Springer heirs sell shares

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...

Auto Trader upgrades search functions

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...

Yahoo Japan to launch flea market app

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...

Career Index invests in Wakrak.jp

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...

Flat Monthly nets seed funding worth $320k

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...

Adecco helps SMEs overcome labor shortages

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...

Fudosan-Guide.org launched for property firms

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...

HR Solutions acquires ISO certification

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...

Alibaba in talks to acquire Kaola

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...

Alibaba sustains mobile dominance

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...

Legal service marketplace goes live in Nigeria

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,...

Crowd Works shears nine-month loss to Y70.2m

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...

Anywhere Rent to launch with VR listings

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....