The managers of Beepi.com, a used-auto start-up in the Francisco Bay-area, confirmed a Techcrunch report (here) that the site had stopped operating after running out of cash, and before it could be sold to an interested party.
Christo Volschenk is managing editor of the news on Aimgroup.com and our senior analyst covering Naspers. He brings more than 30 years of experience in business journalism to the team. The last 17 years he focused on classifieds and e-commerce. Apart from working closely with AIM Group, Christo is a freelance journalist, online editor, and translator. Before branching out on his own, he spent 15 years with Naspers in South Africa, where he worked as journalist, economics editor and online project manager. He now spends most his day editing the news reported by 18 colleagues in 18 countries from his base in Stuttgart, Germany.