Bitauto and Tencent-backed valued at $2.25 billion US

One of China’s fastest growing vehicle transaction and services platforms,, has announced that it will be issuing an Asset-backed Security product valued at 2 billion RMB ($290 million US). This is the sixth such issuance to date on the part of Daikuan.  An ABS is a bond-like product comprising assets such as corporate loans, income receivables, leases or infrastructure charges. China’s asset-backed securities (ABS)...

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UK classified ad spend up 8% in 2016 – IAB and PwC

UK classified ad spend up 8% in 2016 – IAB and PwC

Classified ad spending increased eight percent in the U.K. in 2016 to £1.5 billion (about $1.9 billion U.S.), according to a new analysis done by the Interactive Advertising Bureau (IAB) and PwC. The researchers concluded that classified ad spend, including spending on jobs, real estate and automotive listings, represented 14 percent of total digital advertising spend in the U.K. in 2016.

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