Jonah Kay | May 14, 2020 | Automotive, Financials / Deals
Strong business in Thailand, regional growth in used car sales and effective cost-reduction measures have helped keep ICar Asia afloat during the Covid-19...
Tariq Ahmed Saeedi | May 14, 2020 | Recruitment, Financials / Deals
Despite sales growth of 17% in FY2020, Japanese jobs site operator En-Japan Inc. forecast a double-digit decline in sales next quarter amid a global economic...
Léo Siqueira | May 14, 2020 | Marketplaces, Financials / Deals
Despite Covid-19, OLX-Brazil, a 50/50 joint venture (JV) between Prosus and Adevinta, saw revenues in the first quarter (Q1) of the year rise 8%, year-on-year, on...
Andrzej Sowula | May 14, 2020 | Marketplaces
Ringier Axel Springer Poland will lay off 90 staff, or about 6% of its workforce, by the end of June. The move was announced following successful negotiations with...
Rebeka Shaid | May 14, 2020 | Real Estate, Marketplaces, Financials / Deals
Covid-19 had little effect on Scout24’s Q1 results, but the Munich-based classifieds group expects to feel the impact of the economic slowdown caused by the...
Greg Spencer | May 13, 2020 | Real Estate, Financials / Deals
CoStar Group, the property-intelligence and marketplace giant, announced plans to acquire commercial property marketplace Ten-X for $190 million. Ten-X launched in...
Léo Siqueira | May 13, 2020 | Marketplaces
OLX-Brazil, a joint venture between Adevinta and Prosus, will test a digital payment product in the country's Campinas region, the AIM Group has learned. This...
Greg Spencer | May 13, 2020 | Marketplaces, Financials / Deals
Private equity firms Blackstone, Hellman & Friedman and Permira are in talks to team up on a bid for EBay’s European classified properties. This content is...
Adegoke Seun | May 13, 2020 | Automotive
Morocco-based auto site Moteur.ma has launched a home test-drive product for prospective buyers, which the company says will aid in closing sales and converting...
Greg Spencer | May 13, 2020 | Recruitment
Glassdoor, the No. 2 job site in the world in terms of traffic, has laid off 300 people, or about 30% of its workforce, according to the Chicago Tribune. This...
Alina Zaiets | May 12, 2020 | Recruitment, Marketplaces
Leading Moldova-based horizontal 999.md has introduced multiple updates meant to support businesses and users during quarantine. The site expanded its listing...
AIM Group | May 12, 2020 | Real Estate, Financials / Deals
Zillow is seeking to raise $1 billion U.S. through two public offerings, and says it "may choose" to use some of the money for acquisitions and investment in new...
AIM Group | May 12, 2020 | Real Estate, Financials / Deals
Emerging Marketplaces Property Group (EMPG) has acquired real estate marketplaces specialist Lamudi Global for an undisclosed amount. The acquisition took place...
Andrzej Sowula | May 12, 2020 | Recruitment
Polish job site Pracuj.pl has launched a new tool that lets recruiters plan and conduct video interviews with job applicants. This content is part of our business...
Alina Zaiets | May 11, 2020 | Marketplaces
OLX Ukraine has launched a grocery delivery service in collaboration with payment processing company UaPay, leading delivery company Nova Poshta, and leading...
Alina Zaiets | May 11, 2020 | Marketplaces
Classifieds based in Eastern Europe are increasingly turning to messenger apps — namely WhatsApp, Viber and Telegram — as a way of courting a growing user-base in...
Greg Spencer | May 11, 2020 | Recruitment, Financials / Deals
Paradox, a chatbot vendor that helps job recruiters automate administrative tasks, has secured $40 million in funding in a Series B round led by Brighton Park...
Greg Spencer | May 11, 2020 | Automotive, Financials / Deals
Online car dealer Vroom has secretly filed for an initial public offering, according to a report from the Wall Street Journal. The timing of the IPO suggests that...
Jonah Kay | May 11, 2020 | Marketplaces, People on the Move
Carousell, Southeast Asia’s leading general marketplace, has appointed Penny Cox as SVP of growth. She took over for JJ Chai, who left the company in...
AIM Group | May 11, 2020 | Automotive, Real Estate, Recruitment, Marketplaces
In this week’s Covid-19 Digest, we've analyzed share prices of publicly listed marketplaces globally to see how they performed during the pandemic and we've looked...
