Zillow tried to play tough guy with a popular blogger. The result was a PR nightmare.
Naspers CEO Bob van Dijk told analysts last week there is no plan to hive off the golden goose Tencent; the plan is rather to narrow the gap in the contributions of Tencent and the e-commerce business to the bottom line.
Naspers’ classified businesses in Poland increased their combined revenue to 256 million Polish zlotys (or $69.4 million U.S.) in FY2017 (to end-March), up from 148 million Polish zlotys (or $40 million U.S.) in FY2016.
Neither Fairfax Media nor its real estate business Domain will be owned by a private equity firm, after all, the publishing company’s board confirmed to the Australian Securities Exchange (ASX) on Monday.
Autohome, one of China’s leading used- and new-auto transaction platforms, unveiled its “augmented reality showroom” to the public in a four-part web series featuring four of the stars of the popular anti-corruption TV series “In the name of people”.
Chinese used auto auction platform Chezhibao has unveiled plans to allocate its recent 500 million RMB ($73 million U.S.) series C+ investment round. This includes moving into auto financing, with a plan to secure 10 billion RMB in fresh capital for the project.
New York-based real estate classified company Flip raised $2.2 million U.S. for its system offering property owners (or tenants) an easier way to sub-let, or get out of their leases. A Flip sub-lease averages three to six months, compared to the super-short stays of Airbnb, or minimum-year contracts of traditional rentals.
Seattle-based online brokerage Redfin filed for an initial public offering (IPO). The filing suggests that Redfin hopes to raise $100 million U.S..
The French internet entrepreneur Gilles Blanchard, who co-founded the country’s leading property vertical SeLoger.com, joined Myanmar’s ShweProperty as an advisor and investor, the media reported.
Schibsted and Singapore Press Holdings (SPH) announced separately yesterday that their transactions of May 11 and May 12 (our reports here and here) have closed.