Financials / Deals



Seek – Zhaopin merger moves ahead

The proposed merger between global recruitment giant SEEK Limited (ASX: SEK) and China’s leading recruitment site, Zhaopin (智联招聘), remains on track. Both sides have announced that an Emergency General Meeting of Zhaopin will be held in Beijing on September 25 to vote on the proposed merger. 



Avito’s revenue grows 38% in H1 of FY2017

Avito.ru, Russia's leading general classifieds platform, seems to be maturing as a classified site: the rate at which its revenue grows from quarter to quarter is slowing down. In Q2 of FY2017, it generated only 32 percent more revenue than in Q2 of FY2016 - down from growth of 46 percent in Q1 of FY2017. 



Bitauto restructures after very successful year

Plenty of news is arising from the Q2 results of Bitauto (NYSE: BITA), the transaction and financing site for used and new autos, including detail on what appears to be a total restructuring of the company operations, and the spin-off of the loss-making platform Huimaiche (惠买车) as a stand-alone entity.



Vostok New Ventures calls Opensooq the new Avito

Fifty-one percent of the net asset value (NAV) of Vostok New Ventures is contributed by Avito. But, in the Swedish run investment company, there are several other classified companies. Of course, the dream is that there might be a "new Avito" among them. Now, Vostok New Ventures might have identified the "new Avito".


GoZefo bags capital, as preloved catches on in India

GoZefo bags capital, as preloved catches on in India

GoZefo, the Bengaluru-based re-commerce site for used furniture and electronic goods and factory-seconds (unboxed) furniture and electronics, raised about $6 million U.S. (INR 40 crore) in a second round led by Sequoia India. Beenext and existing investor Helion Ventures also participated in the round. The funds will be used for expansion into new geographies and categories, GoZefo said.


58.com invests in co-living provider Wowqu

58.com invests in co-living provider Wowqu

58.com (NYSE: WUBA), China’s largest classifieds conglomerate, announced that it will be investing 50 million RMB ($7.5 million U.S.) in a pre-Series A funding round of Wowqu.cc (窝趣). The two companies will also enter into a strategic partnership, via 58.com’s real estate subsidiary Anjuke (安居客).   



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