Trade Me in New Zealand is turning its focus back to its core classifieds business, partly because its foray into travel, financial services and online dating has not reaped the expected return on investment in FY16. Overall earnings grew remarkably well.
Sahibinden.com, one of the biggest classified websites in Turkey and Europe, set a record for traffic.
AskMe in India, which launched as a classified site in 2010, has suspended operations and laid off 4,000 employees.
Schibsted-owned horizontal classifieds player SegundaMano has launched a new brand identity in Mexico with a cleaner site and a new logo. It also named a new chief marketing officer (CMO). See these and other updates from the Mexican player.
Ukraine’s market of e-commerce and marketplaces has consolidated, as EVO, a company that owns several leading sites, recently acquired Aukro, one of the country’s top marketplaces.
OLX Nigeria and a leading local tech blog TechCabal organized a 1-day event to educate local software developers on building products with great user experience.
Gumtree South Africa introduces new online sales system for inventory management
Online bargain hunters in Bangladesh can now browse Ekhanei.com, a leading marketplace, without worrying about the data cost, as long as they are subscriber to Grameenphone – a telecom and digital service provider.
Russian internet major Mail.ru Group (MRG) announced it had acquired ownership of general classifieds mobile app Youla.
Borsatekno.com, a site for selling used smartphones which launched in Turkey in Dec. 2015, added a promise to sell every used phone within 3.5 days of listing it, and unleashed an avalanche.