Tag: Alerts


China’s E-House announces Q1 2015 results

China’s E-House announces Q1 2015 results

BY DON GASPER E-House (China) Holdings Ltd., operator of one of China’s two major real-estate portals, earned revenue of $169.15 million (U.S.) in the first quarter of 2015, according to a company announcement made on May 19. This was a 3.6 percent increase on the previous year, beating analysts’ forecasts by $10.15 million. There was a net loss of $30,425 in the quarter, compared with net i


New head for Alibaba

New head for Alibaba

BY DON GASPER In a move that caught observers by surprise, Alibaba Group Holdings has promoted Daniel Zhang Yong to be its new chief executive, replacing Jonathan Lu Zhaoxi from May 10. Zhang, who trained as an accountant, served formerly as chief financial officer of U.S.-listed Chinese online games company, Shanda Interactive Entertainment Ltd. He joined Alibaba in 2007, when it was alread


Revenue down at Ringier, despite solid classifieds performance

Revenue down at Ringier, despite solid classifieds performance

High growth rates in the digital business cannot yet offset classifieds and corporate advertising losses at Swiss media company Ringier AG. Although Ringier reached the medium-term growth goals set for its digital business, the strategy to transform into a diversified media company cut revenue and profitability again in financial year 2014. In FY2014 overall revenue were down 3.7 percent to CHF


58.com takes minority stake in Ganji — and Tencent shores up its investment

58.com takes minority stake in Ganji — and Tencent shores up its investment

China's classified behemoth 58.com is buying a 43.2 percent stake in rival Ganji.com by issuing 34 million new shares and paying an additional $412 million (U.S.) in cash. In a news release, 58.com said that as part of the deal, China's Tencent Holdings Ltd., which owns about 20 percent of 58.com, will make an additional investment of $400 million --  pres


Top managers at TMG face the axe

Top managers at TMG face the axe

According to Dutch media, around forty chief editors at the Dutch media group Telegraaf Media Group (TMG) may lose their jobs as a result of the on-going re-organization, and commercial director Marc Albert just announced his departure (article here in Dutch). TMG has not yet confirmed the rumored dep


Zillow launches Agent Finder

Zillow launches Agent Finder

Zillow has introduced a new agent ratings product that takes aim at Realtor.com's Achilles heel - member and NAR [National Association of Realtors] blocks to consumer reviews of agents.  While Realtor.com has a poor-cousin recommendations feature, it has yet to


Chinese online above 10% of 2014 revenue

Chinese online above 10% of 2014 revenue

Official data released by China’s National Bureau of Statistics indicate that online shopping value accounted for 10.7 percent of the country’s total retail value in 2014. The total transactional value of the country’s online shopping market exceeded US$253 billion (2.8 trillion Yuan) in 2014. According to the latest data from iResearch, a market research firm focusing on the China Internet ind


TrueCar sued by 117 dealers

TrueCar sued by 117 dealers

TrueCar is headed to U.S. District Court in New York as defendant, after 117 new-car dealers filed a $250 million lawsuit against the vehicle-valuation listing site for trademark infringement. According to the complaint, Dependable Sales and Service Inc. v. TrueCar Inc., filed March 9 in U.S. District Court, Southern District of New York, the dealers are victims of false advertising and unfair com


Aamot, Paton join Cxense as advisors

Aamot, Paton join Cxense as advisors

Two big names in newspaper / digital publishing have joined an advisory board for Cxense, a data personalization service for publishers. Former Schibsted CEO Kjell Aamot and Digital First Media CEO John Paton are the first two members of the advisory board. Aamot was CEO of Schibsted for 20 years, until 2009, and has served on several other boards of directors. Paton’s Digital First Media is th



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