Garena Interactive Holding, often called 'Southeast Asia’s most valuable tech start-up', and operator of social-focused c-to-c app Shopee, appointed Goldman Sachs to handle its initial public offering and listing on the New York Stock Exchange (NYSE).
Zillow is continuing its New York buying spree with its latest acquisition: Long Island real estate portal Hamptons Real Estate Online.
In H1 of FY2016/17 Telegraaf Media Groep (TMG) in the Netherlands returned to profitability despite a continued slide in the overall revenue. Mainly two factors got it out of the red: tax and cost cuts.
VivaReal, a real estate site in Brazil, acquired 100 percent of GeoImovel, a Brazilian real estate research and analytics company. VivaReal, a top-2 vertical in Brazil, didn't disclose the price paid for the asset, which is said to have the country's largest database of existing properties and new properties in development.
China's listed classifieds platform Baixing.com announced yesterday that it will issue one million new shares to raise RMB 14 million ($2 million U.S.) in fresh capital.
After a rather lacklustre FY2015, in which EBay Inc.'s overall revenue (and the revenue of the classifieds portfolio) ended lower than in FY2014, positive growth rates were back all-round in FY2016.
The revenue of the leading property site Funda.nl has increased by 6 percent in the first half of 2016 compared to the same period last year, to €14 million ($15 million U.S.), according to a statement (available here in Dutch).
Che300, a site for used-vehicle valuation and price analysis in China, secured RMB 200 million ($29.2 million U.S.) in Series C funding, the company announced. The most recent investors include U.S.-based Sequoia Capital, and Source Code Capital, a Chinese VC firm in partnership with Sequoia Capital.
The short-term jobs site Qapa in France raised €11 million ($11.8 million U.S.) from Index Ventures Fund and its shareholders Partech Ventures and 360 Capital Partners. It intends to use the funds to expand its presence in France's interim-jobs market by way of a mobile focus.
The already solid financial position of Scout24 Group was strengthened further when it rolled over its debt to December 2021 at a much-reduced interest rate.