Vehicle verification (making sure it is what the seller says it is) has always been a prerequisite for the buyer in Pakistan’s used-car market. Growing digitization of the economy has made the ritual simple, with motor registration authorities serving users online.
In many ways, Markafoni.com was the pioneer of e-commerce in Turkey. It was the first website to introduce the private-shopping concept to Turkey, the first to have a courier company with a branch office on the company premises and the e-commerce site in Turkey to open offline stores. No-one expected Markafoni to close down. So, when the news broke, it was reported in every national newspaper and on many news websites.
General classifieds site OLX considers the introduction of an upsell service in Kenya for its real estate category, to generate revenue and grow its share of the market.
Norwegian business daily DN.no questioned Schibsted's non-competition agreements concluded with Naspers late in 2014. Are we about to revisit the peace deal and the approvals received from several anti-trust authorities for the deal in the 20-odd countries involved?
German media today reported the conservative Polish government is mulling the idea of reducing foreign ownership in Polish media. It is reportedly drafting the so-called “Re-Polonization Act” to be ready for implementation late in June.
Payment systems, credit extension, innovative ways to buy-now-and-pay-later, and new currencies (such as Bitcoin) have literally exploded onto the classifieds scene in the last few months.
Thailand's horizontal Kaidee.com recently announced the launch of RodKaidee, a dedicated auto vertical spun off from Kaidee.com.
Chinese internet and entertainment mega-cap Tencent impressed the market yet again, this time with its performance in Q1 of FY2017, a quarter in which Tencent increased its exposure to classifieds on different fronts.
The owners of general classifieds site Ekhanei.com in Bangladesh (Schibsted, Naspers and Telenor (SnT)), decided to shut the site down today (May 17), since "the market conditions didn't favor online classifieds and the owners were unable to develop the site into a sustainable and profitable business”.
In Scandinavia, OLX Brazil is said to have a good chance of becoming the next Avito-like success story. In FY2017 OLX Brazil is expected to take the first step in that direction and turn its net loss of NOK 208 million in FY2016 into a surplus in FY2017.