Marketplace


User brings lawsuit against 58.com

User brings lawsuit against 58.com

A Beijing-based user brought a lawsuit against 58.com (NYSE: WUBA), China’s leading classifieds conglomerate. The case is currently being tried at the People’s Court of Haidian District in Beijing.


At Mercari, the hashtag bundles similar listings

At Mercari, the hashtag bundles similar listings

Mercari, Japan’s app-first, used-goods marketplace, now uses the power of the hashtag (#) to help its users browse products of particular brand or/and description, in the same way, Twitter and Facebook use it to bundle topics together.


Alibaba raises its stake in Lazada to 83 percent

Alibaba raises its stake in Lazada to 83 percent

Alibaba Group (NYSE: BABA), parent company of used- and new-goods site Taobao and the stuff app Xianyu, continues to shell out billions on the Southeast Asian online shop Lazada. Yesterday, Hangzhou-based Alibaba Group (e-commerce, cloud services and entertainment) announced it would be upping its stake in Lazada from 51 to 83 percent by investing $1 billion U.S. in the business. The deal valued Lazada at $3.2 billion U.S..


Did Naspers chief do Indeed (and all job sites) a favor?

Did Naspers chief do Indeed (and all job sites) a favor?

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 to test a payments service in four countries

OLX to test a payments service in four countries

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 moves toward independence from EBay, Amazon

Momox moves toward independence from EBay, Amazon

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.



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