The brothers Amit and Anurag Jain, the two co-founders of Girnar Software in 2007, stopped drawing salaries in December and will only start drawing salaries again when the company turns a profit. Girnar Software owns three major auto platforms, namely CarDekho, ZigWheels and Gaadi.com.
The Trading Post (TradingPost.com.au), formerly an Australian classifieds powerhouse, is looking to make a comeback after raising up to $15 million AUD ($11.5 million U.S.) through stockbroker Bell Potter, to resume the marketshare battle with industry giants Gumtree, EBay, Carsales and Realestate.com.au.
Naspers created a new cloud-based Business Intelligence (BI) system with analytical tools for a wide range of managers and specialists, using data from all Naspers’ classified sites in Poland.
Australian telecommunications company Telstra Holdings announced it had realized $217 million U.S. with the sale of its 6.5-percent stake in Autohome, and that the offload was carefully timed to deliver the highest possible return.
Two of China’s biggest used-autos classifieds sites are preparing to face off in court. On Friday last week, an unfair competition lawsuit filed by Youxin was accepted by the Chaoyang People’s District Court in Beijing.
When Thomas Vollmoeller, CEO of German business network platform Xing, informed his staff in mid-November from a coffee shop somewhere in Australia, that he had taken a short sabbatical and will be back in January, the media was abuzz.
Info Edge, owner of a number of online classified businesses in India and the Middle East, including the flagship job site Naukri.com, will revise its sales strategy in the wake of the government campaign to clamp down on the black economy, the company CEO Hitesh Oberoi said.
Jobtome.com, a pay-per-click job search engine operating worldwide from its base in Switzerland, partnered with the successful ride-haling company Uber, Jobtome announced on its blog.
KKTown, a leading mobile-only, stuff marketplace in Taiwan, introduced a new section dedicated to goods which have only been used a few times and are still basically new. In the first two weeks after the section's introduction last month, it added on average 600 new items a day, according to the site.
IVW, Germany's respected traffic measurer, won EBay Kleinanzeigen as a client for the first time in January, which made the organisation's monthly announcements even more riveting reading. The January numbers confirmed yet again: the dominant e-commerce/classifieds player in Germany is EBay Inc., with the visits of its three sites EBay.de, Mobile.de and EBay Kleinanzeigen taken together.