Germany's Bertelsmann has built a portfolio of 22 start-up classifieds in China, India, the U.S., U.K. and Germany and is very satisfied with its early development. More investment can be expected.
Polish largest marketplace Allegro.pl decided to withdraw from the German market to focus on Poland.
In an email to publishers participating in the affiliate program, global jobs search engine Indeed announced that new publishers will no longer be offered job search boxes and text links from March 3, 2017.
Beijing Soufun-Fang Independent Real Estate Management will no longer be able to mediate either used or new real estate in Beijing, since its license was revoked by the local authority.
Tradus is a brand from the first hour of Naspers' adventure in global classifieds, when it acquired Tradus Group back in November 2007 for $1.9 billion U.S.. Between 2015 and 2016 the brand Tradus vanished from Naspers' classifieds portfolio for a few months. Now it's back ...
An IPO is reportedly in the works for CarGurus, the 11-year-old Boston-based auto site that we profiled as a U.S. traffic leader in our Automotive Advertising Annual last month.
Scout24 Group AG (WKN A12DM8) released its FY2016 annual report (here) today, which confirmed the preliminary results released last month.
In Pakistan, Naspers-owned OLX today announced it will start monetizing in April, when revenue-generating products will be rolled out. OLX has been operating in Pakistan for close on six years.
Vanke Property Management, a partially-owned subsidiary of the major Chinese residential real estate developer, Vanke, attracted 58.com as a strategic investor. The classifieds services giant acquired a 5-percent stake in Vanke Property Management for an undisclosed amount late last year.
Chinese online classifieds site 58.com Inc. said it will roll out two of its online platforms in Hong Kong soon, to tap the city’s real-estate and lifestyle markets.