U.S. social media giant Facebook (NASDAQ: FB) has made a move toward breaking into the China market by setting up a subsidiary in Hangzhou --- also home to e-commerce giant Alibaba Group Holdings Ltd. (NYSE: BABA) --- with a registered capital of $30 million U.S., according to China’s National Enterprise Credit Information Publicity System.
Jon Duffy, the head of trust and safety at New Zealand-based online marketplace Trade Me, has been appointed as the assistant commissioner of policy and operations by the New Zealand privacy commission.
Cars.com has hired JPMorgan Chase “to explore strategic options including a possible sale of the company.”
Does a key filter in Facebook’s Ad Manager tool break the law? A class-action lawsuit against the social media giant says yes.
Facebook plans to launch a dating project later this year, so users can anonymously find potential friends, lovers, and spouses. The news crushed shares in Match Group, a major competitor.
In its full-year report released Monday, the Jobindex Group reported that its net turnover reached DKK 300 million ($50 million) in 2017, while its operating profit, before interest and tax, landed on DKK 91 million. While this may be an excellent result, the company says there's more to come.
In its third roll-out this year, social media platform Facebook is bringing its online sales platform Marketplace to the Middle East for the first time. The service will be launched in Egypt, Algeria, and Morocco due over the next few weeks.
At the Naspers Investor Day yesterday, Martin Scheepbouwer, OLX Group CEO, talked LetGo, Facebook Marketplace and the biggest trend he sees in classifieds.
At least in the U.S., luxury brand Louis Vuitton has no plan to keep its products away from Facebook. Payments news site Paypers.com reported, that Louis Vuitton, a brand of global luxury-goods firm LVMH, launched a "virtual advisor" (chatbot) on Facebook Messenger for U.S. clients.
Germany’s Scout24 AG used its first Capital Markets Day in Berlin this week to launch a new operating unit, called Consumer Services. The owner of real estate site ImmobilienScout24 (IS24) and auto platform AutoScout24 (AS24) said it’s a move to further push business beyond listings and into transactions.