One of China’s fastest growing vehicle transaction and services platforms, Daikuan.com, 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)...
A Denver-based automotive start-up developed a technology that makes it possible to get all the details needed (for a listing) to sell a used car from a single photo.
Automotive classified firm TrueCar has announced a proposed public offering of common stock and a new trade-in platform with Galves Market Data
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.
Interactive Advertising Bureau (IAB) Belarus, and leading classified sites in Belarus said total turnover in the classifieds industry of Belarus grew 17 percent to $9.3 million U.S. in 2016 from 2015.
In Finland, Sanoma decided to renew its video and display advertising systems, including on its classified sites.
The start-up recruitment platform Beichoo.com completed a series A funding round, in which it acquired “several tens of millions of RMB” (several million U.S. dollars) from Zhejiang Sinowisdom Capital and Jiu Yuan Capital.
The financial year 2016 was one of the best the Belgian media group De Persgroep has ever had, with net profit up 7 percent to a record €117 million ($127 million U.S.). The solid performance was ascribed to successful acquisitions, and a well-performing portfolio of classifieds, particularly in the Netherlands.
Allegro Group, operator of Poland’s largest marketplace Allegro.pl, launched Android Pay as a new payment gateway in the latest version of its Android app.
In Bulgaria, the real estate site Imoti.net was relaunched in responsive design technology and with several other important improvements, including maps.