CoStar Group, parent company of Apartments.com and other businesses, reported "wow!" earnings with EBITDA in 2016 more than double what the company reported in 2015. CoStar said it is on target to top $1 billion in revenue in 2018 with a 40 percent margin target.
The deal is off! Fang Holdings (NYSE: SFUN), operator of Soufun.com, a leading real estate site in China, announced on Febr. 21 that it had shelved a plan to move its listing from the NYSE to Shanghai Stock Exchange (SSE) on mainland China, where the share would most likely have been given a higher valuation by investors.
Mercari, Japan-based mobile flea market, acquired Zawatt, which owns pre-loved auction app Smaoku.
Greg Hywood, chief executive and managing director of Fairfax Media, confirmed today that the unbundling of Domain Group, its real estate business, from Fairfax Media, will go ahead, and that Antony Catalano will be CEO of the listed Domain Group.
CarTrade, an auto site in India, raised $55 million U.S. in its Series-G round of funding, reported Economic Times (ET).
Morizon Group, owner of Polish real estate search engines Morizon.pl, and several other real estate classified sites, grew revenue by 17.2 percent and profit by 30.7 percent in FY2016 y-on-y.
In Australia, Fairfax Media looks set to spin off Domain Group, its real estate business, as a separately listed entity on the Australian Securities Exchange (ASX). Earlier today, Fairfax Media issued notice of a halt in the trade of its shares on the ASX.
Rakuten Inc., Japan’s biggest e-commerce company, is expected to keep its focus on improving Rakuma and Fril, its two c-to-c brands, in Japan, after the two sites' phenomenal growth in gross merchandise sales (GMS) in 2016.
Jobindex hopes to grow its share of total recruitment ad spend in Denmark from 62 percent in FY2016 to 64 percent in FY2017, the company said in its financial report for FY2016 released on Febr. 20.
Alibaba Group Holding, operator of the ecommerce platforms Taobao.com and Xianyu, announced a strategic partnership with Chinese retail giant Bailian Group. The deal does not include a financial invest in Bailian.