Mobile marketplace Wallapop is edging towards financial health according to its 2017 annual report filed with the Spanish mercantile registry. Its losses were €36 million ($41.1 million U.S.) versus €54 million in 2016, and revenues of €11 million.
Dubizzle.com, the Dubai-based horizontal, has been fully acquired by the OLX Group, a subsidiary of South Africa-based investor Naspers.
In a bid to strengthen its recruitment segment in India, Naspers-owned OLX Group has acquired Mumbai-based recruitment marketplace AasaanJobs.
Naspers-owned Media24 has ordered the shutdown of its jobs site Careers24 Nigeria by the end of its current financial year in March.
South African classifieds giant Naspers has been approved for a secondary listing on the A2X stock exchange. The latter announced the news on Tuesday, saying Naspers would begin trading on Thursday, Dec. 27.
Americas Car Group (ACG), the Americas-focused arm of Berlin-based Frontier Car Group (FCG), has launched two Argentinian auto verticals, the company said.
Pakistani used-car online auction and trading platform CarFirst has opened the country’s first all-female staff purchase center --- which happens to be manned by the country's first female mechanic. CarFirst is a subsidiary of the OLX Group.
Avito keeps on growing. The horizontal saw revenue growth of 30 percent during Q3 2018 compared to the same period last year. Its EBITDA margin grew, too.
Spanish mobile marketplace Wallapop, which merged with marketplace LetGo in the U.S. in 2016, has sold its stake in the company for $189 million. The story emerged from Naspers' financial documents, according to tech news site Kippel01.
South African media giant Naspers' classifieds businesses, including LetGo, turned profitable during the first half of the 2019 financial year (ended 30 Sept. 2018). This is according to the company's H1 interim results, released today.
