Linkedin’s ongoing push into the China market has hit a roadblock with the resignation of President Derek Shen on Friday. Shen has been head of Linkedin’s China division since its inception over three years ago. He joined Linkedin as the former chief executive of group-buying website Nuomi. Shen said in a statement released by the company that “it is time for a new start” now...
Autohome (NYSE: ATHM), one of China’s leading names in automotive commerce via the used-and-new autos platform autohome.com.cn and the leading used-only platform che168.com, continues to move in a different direction under its new ownership. Under the leadership of Hong Kong and Shenzhen-based insurance giant Ping An Insurance, Autohome has been pivoting away from what it calls “a basis inside of the [auto sales] vertical,” and toward a long-term and...
LatAm Autos, the Latin American auto classified platform operating in Argentina, Bolivia, Ecuador, Mexico, Panama and Peru, unveiled this week several updates to its business strategy, which aims to focus on its best performing markets.
Larbi Alaoui Belrhiti, who was the head of Schibsted-owned Avito.ma for nearly five years, will become a head of Jumia Maroc starting from mid-July, Moroccan media reported.
Domain, the neglected middle child of Australian real estate sites, is finally getting its chance to shine. And boy, is it making up for lost time. Besides having two international suitors on the line to open their cheque books and acquire the real estate business, Domain made a big splash this week with news that it’s launching its own education program, called Domain Academy.
As we reported recently, a rumor was circulating through the Chinese internet that c-to-c used-car platform RenRenChe had been in talks concerning the company's possible acquisition by emerging auto transaction and financing platform Yixin Group (otherwise known as Daikuan.com).
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.
Holiday rental platform LaComunity announced an international commercial partnership with Swiss site Interhome. The alliance means Barcelona-based LaComunity will now publish Interhome's catalog of vacation properties.
Deutsche Telekom AG announced late today it intends to sell approximately 10 million shares in Scout24 AG, representing its entire stake of 9.3 percent. It will receive an estimated €340 million ($378 million U.S.) from the sale.
While continuing to operate procurement, sales, logistics, delivery and asset management in-house, financing will, in essence, no longer be part of Tangeche’s business model.