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Industry News




Mercari offers car warranties

Flea market app Mercari has introduced warranty feature for buyers who purchase used-cars from the site. The warranties cover repairs and tuning for three months after the purchase date. The service is currently available for iOS users. It’s valid for vehicles...

CarWow Spain sells €200 million worth of vehicles

CarWow.es  has announced it expects to sell €200 million ($225 million U.S.) worth of vehicles by the end of its first year in Spain. The site works with more than 1,000 dealers, EuropaPress reported, and 11 manufacturers, according to its website.  CarWow Spain was...

Allegro ties up with Morizon

Allegro.pl, the No.1 horizontal in Poland, has signed a cooperation agreement with leading real estate site Morizon.pl. Real estate listings from Morizon’s business clients will now automatically be listed on Allegro. The number of real estate listings on...

Vänninmaja leaves NettiX

NettiX’s business director Veli-Matti Vänninmaja has left the company. The firm operates several leading classified sites in Finland. Vänninmaja (LinkedIn profile) had worked for NettiX for more than 12 years. He was responsible for all business areas of NettiX,...

MercadoLibre launches development center in Argentina

MercadoLibre (Nasdaq: Meli), an e-commerce and classified company operating in 18 Latin American countries, has launched a new development center in Argentina — its second-largest market after Brazil. The company has invested some $25 million U.S. in a new...

Rever secures $4 million in series B round

Vietnam-based online real estate platform Rever has secured $4 million U.S. from technology investment company VinaCapital Ventures in a series B funding round. Rever plans to integrate more tools and services onto its platform. This will include loan brokerage,...

Evtiko closes its doors in Turkey

Evtiko, the real estate vertical launched by Sina Afra in 2016, has announced via Twitter that it will end operations in Turkey. The site said it will continue providing tech and infrastructure support to the Tiko brand in Spain. Founder Afra (LinkedIn Profile) made...

Price tag ban hurts Iranian classifieds

E-commerce sites in Iran have been banned from displaying car prices. This has slowed down sales in what used to be the world’s fourth fastest-growing auto market, people familiar with the matter told the AIMGroup. Iranian authorities recently barred Internet...

Ga Tech plans fourth sales office

Property firm Ga Technologies plans to open a fourth branch in August to expand sales channels and strengthen its contact with customers in Fukuoka. Tokyo-headquartered Ga Tech already has offices in Osaka and Nagoya. The company recently relocated its headquarters to...

KKR eager to buy Axel Springer minorities

German publishing group Axel Springer has signed an agreement with KKR in which the U.S. private equity investor will buy out all its outstanding shares at an offer price of €63 ($71 U.S.) per share. The deal values the publishing group at €6.7 billion ($7.6 billion...

KenKey lists certified second-hand vehicles

KenKey.co.jp, a b-to-b marketplace for construction machinery and heavy vehicles in Japan, has introduced certified second-hand auto listings in collaboration with leading industrial machine manufacturer Komatsu (コマツの).  Used-car marketplace operator CarView...