The government of Rajasthan, a state in India’s north-east, announced plans to set up and run an online classifieds platform for trading livestock. Incidentally, the state government of Rajasthan is the only state with a dedicated ministry for cow management!
In a blog post, Benjamin Schneider, OLX's Berlin-based head of engineering, lifted the lid over the payments system his team developed in-house for rollout to OLX Group sites around the world. The payments service is known as Plutus. While the post is really about the technology stack they chose to build Plutus, Schneider sheds some light on the functions of the system.
Back in May, OLX Group took an unorthodox step in Egypt: OLX Egypt launched the real estate vertical brand Storia in Egypt - not as a vertical, but as a new category on OLX Egypt; a category focused on luxury properties only. So, it created a brand within a brand. Unusual, to say the least.
Julian Artopé, managing director of Ringier Africa for four years, started in a new position at the IPrice Group as senior vice-president for business development in August. Ringier Africa is a subsidiary of Swiss media group Ringier.
Just a month ahead of the Indian festive season, Amazon.in rolled out its c-to-c service Local Finds for used goods in Mumbai, Hyderabad and Chennai. It debuted in Bangalore in January this year with 600 sellers.
When Lukas Draginas, general manager of Otomoto.pl, raised prices on the Polish automotive classified platform, the site’s customers were livid. “We had trailers blocking the roads around our office, dealers were burning our flags and massively leaving the platform,” Draginas said. But Otomoto held firm, and the result is a classifieds success story in Poland. Draginas will be telling that story, and others, during his talk at AutosPlus2017, the AIM Group’s classifieds conference scheduled for October 9 and 10 in London.
Just a day after we posted that Facebook Marketplace was opening in Germany, the Financial Post in Canada reported that Marketplace is rolling out in a total of 17 European countries, as well as Canada. Should Naspers get worried?
After quietly rolling out its ‘Sell as individual’ program in Bengaluru in January this year (reported by us first, we are proud to say), Amazon Inc. now took the next, purposeful step towards offering a Craigslist-like classified platform nationwide for used goods (with on-site payment): The Sell as individual program was rebranded as Local Finds and rolled out in three new cities.
Naspers CEO Bob van Dijk told analysts last week there is no plan to hive off the golden goose Tencent; the plan is rather to narrow the gap in the contributions of Tencent and the e-commerce business to the bottom line.
OLX Group is testing a payments service for buyers and sellers on its classifieds platforms in four countries (UAE, Ukraine, Bulgaria and Brazil). If the “experiments” in these countries show promise, “third-party payments functionality will be introduced elsewhere”, said Martin Scheepbouwer, CEO of OLX Group, in response to a question of an analyst during the Naspers results webcast earlier this week.