Alibaba has upped its stake in Southeast Asian ecommerce leader Lazada from 51 to 83 percent, in return for an investment of $1 billion U.S. The deal values Lazada at $3.15 billion U.S. In other news, the company's Vice President Gao Hongbing declared that Chinese consumers are no longer interested in fake goods.
The European Commission has fined Google €2.42 billion ($2.6 billion U.S.) for antitrust violations, ruling Google was "abused its market dominance as a search engine by giving an illegal advantage to another Google product, its comparison shopping service". Could this, perhaps, change the game for Google Jobs? And should every recruitment site, especially Indeed, send a "thank you" note to Koos Bekker, chairman of Naspers?
OLX Group is testing a payments service for buyers and sellers on its classifieds platforms in four countries (UAE, Ukraine, Bulgaria and Brazil). If the “experiments” in these countries show promise, “third-party payments functionality will be introduced elsewhere”, said Martin Scheepbouwer, CEO of OLX Group, in response to a question of an analyst during the Naspers results webcast earlier this week.
Momox, Germany’s largest recommerce site, announced today it grew profits by an impressive 55 percent in FY2016, pocketing €6.8 million ($7.7 million U.S.), compared to €4.4 million ($5 million U.S.) in FY2015. In the news release (here in German), CEO Heiner Kroke said that going forward, the company wants to focus on building its own brands in an effort to become more independent from EBay and Amazon, through which it sells a large volume of used goods.
Temp job site Doumi.com and auto site Guazi.com belong to 58.com. The two sites were in the news recently for an innovative summer program for students and a new distribution center respectively.
OLX South Africa moved its website and native apps into a progressive web app. This significant change has not been done incrementally, but all at once. The intent is to add a layer of security against fraud, while also simplifying usage.
Divar.ir, the biggest mobile-first general classifieds brand in Iran, emerged as the top among five most popular local Android apps (read most downloaded) with 11 million plus downloads so far in June, reported tech information site TechRasa.
Mercari, a c-to-c used-goods marketplace based in Japan, announced some good and some bad news today. Firstly, the bad news: The site apologized for a leak of personal information of registered customers of the site. The good news: Facebook’s ex-linchpin John Lagerling joined Mercari as chief business officer.
Japan’s unicorn, mobile-only marketplace Mercari improved its role as intermediary yet again - this time with a logistics service (delivery), and a crackdown on fraudsters involved in transacting to themselves, and reselling non-existent stock.
EBay-owned Marktplaats.nl is continuing its march into verticals. After making significant inroads in the vertical for used autos in the Netherlands, it now focuses on the jobs vertical as well.