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Industry News




Revenue up; Scout24 considers selling auto unit

This post has been updated with shareholder comments of support Scout24 has suggested it will review a potential sale of its car marketplace AutoScout24 after the company recently came under attack by one of its shareholders, U.S. investor Elliot Management. “We can...

HeadHunter, Klops launch new job site

Popular Russian news site Klops has tied up with the country's No.1 recruitment vertical HeadHunter to launch a job site for the city of Kaliningrad at Klops.Rabota. This content is part of our business intelligence service. Please click the button below to learn...

Grupo Zap to hire 100 tech professionals

Grupo Zap, the holding company that owns real estate sites Zap Imóveis and VivaReal, is hiring 100 people in technology, the company said. This content is part of our business intelligence service. Please click the button below to learn more....

Len Short from LotLinx at AutosBuzz 2019

“Many dealers still think they can clear lots with price drops but it isn’t clearing lots, it’s shifting in-store behaviours.” Len Short, the founder in 2012 and CEO of LotLinx, says managing stock using targeted data helps dealers maintain margins and drive...

Alibaba expands cross-platform loyalty scheme

Alibaba (NYSE: BABA) has announced a range of new privileges for members of its cross-platform Amazon Prime-like customer-loyalty program, 88VIP. New partners in the scheme now include Alibaba’s online travel platform Fliggy, on-demand delivery app Ele.me,...

XiangWuShuo launches branded credit card

Chinese cashless c-to-c marketplace XiangWuShuo has signed a deal with China CITIC Bank --- the country's seventh-largest lender in terms of total assets --- to create co-branded credit cards for the platform's 80 million users. This content is part of our business...

AutoHome CEO talks used auto growth

Min Lu, the CEO of leading Chinese autos mall AutoHome (NYSE: ATHM), has said that building on the company’s existing presence in used autos has been a priority so far in 2019. This comes as the company attempts to hit 4 million MAUs for its used-auto...

Ikman.lk upgrades premium membership

Sri Lankan horizontal Ikman.lk has introduced four new value-added services for its premium members to let them distinguish themselves from other vendors on the platform and expedite execution of a transaction. This content is part of our business intelligence...

Media Will obtains Korea-ISMS certification

South Korean Internet firm Media Will Networks — which operates job, property and general marketplaces — has secured Korea-Information Security Management System certification, implying the company’s adherence to the highest professional standards to...

EnCar launches home delivery service

South Korean used-car marketplace EnCar.com now offers an entirely digital car buying process after launching a home delivery service.  The service was introduced last month with free delivery for the first 100 customers. Each car sold by the site goes through a...

Alibaba president facing criminal charges

Alibaba (NYSE: BABA) president Michael Evans is among 17 current and former Goldman Sachs directors facing criminal charges over their alleged role in the 1MDB case, according to Bloomberg.  The news comes as Alibaba pursues ongoing expansion in Malaysia as part of...

JD.com leads funding in Xinchao Media

Chinese e-commerce giant JD.com has led a $142 million U.S. funding round in advertising firm Xinchao Media as part of a deeper strategic partnership, Tech in Asia reports. Xinchao deploys smart screen advertising technology in more than 700,000 elevators in 100...

BProperty offers loans at preferential rates

Bangladeshi property site BProperty has signed an agreement with Eastern Bank Ltd. to provide its users with home loans at a preferential interest rate of 10%, the company said. The bank usually offers property financing at up to 13.5%, according to its lending rates...

OLX Pakistan offers auto inspections

Naspers-owned horizontal OLX Pakistan has launched a used-car inspection service called CarPro in Karachi to capitalize on growth in the second-hand vehicles market. The inspection service was initially launched as a pilot project in Lahore. OLX offers a team of...