Alibaba Group (NYSE: BABA), parent company of used- and new-goods site Taobao and the stuff app Xianyu, continues to shell out billions on the Southeast Asian online shop Lazada.
Yesterday, Hangzhou-based Alibaba Group (e-commerce, cloud services and entertainment) announced it would be upping its stake in Lazada from 51 to 83 percent by investing $1 billion U.S. in the business. The deal valued Lazada at $3.2 billion U.S..
Larbi Alaoui Belrhiti, who was the head of Schibsted-owned Avito.ma for nearly five years, will start at Jumia Maroc as CEO in mid-July, Moroccan media reported.
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.
Carfirst.com, a used car Internet auction site, secured an undisclosed series A funds from the Frontier Car Group…
At the Q1 earnings conference, Rocket Internet’s CEO Oliver Samwer repeated the promise he had made last year to bring three of Rocket Internet's portfolio companies to break-even by the end of FY2017.
Move24, the German platform for home relocation, landed its second round of funding in a year and plans to expand its services.
HelloCar, a start-up used-car online retailer, decided to launch U.K.-wide after a successful pilot period in Manchester. HelloCar removes the dealer from the car-buying process.
Namshi, the Rocket Internet-owned fashion retailer with sites in six Middle Eastern countries, promoted Alessandro Nadalin to CTO. The Italian was formerly Namshi’s vice president of technology.
In its report for Q1 of FY2017, released earlier this week, Kinnevik revealed a number of interesting facts about its two classifieds investments - Quikr and Saltside.
Sri Lanka is a small island nation with a population of 22 million, but a growing, online jobs market, in which the big contenders were - until recently - Rocket Internet’s recruitment site EverJobs.lk, and TopJobs.lk, Cv.lk and Dreamjobs.lk. Now, there's another kid on the block.