Only five brands go for WeChat’s micro-apps

Only five brands go for WeChat’s micro-apps

WeChat, Tencent’s hugely popular (938 million users) and pan-functional chat, payment, and e-commerce platform, launched a project called “micro-apps” last year. These lite-functionality apps operate within the WeChat program itself and promise to save memory and stretch battery life for users., Dongfeng-Nissan launch auction site for autos, Dongfeng-Nissan launch auction site for autos (NYSE: WUBA), China’s leading classifieds horizontal, will launch a new auction site for used autos in partnership with the auto-manufacturer joint venture Dongfeng-Nissan (JV) soon. The site, to be called Yichengpai, will be an offshoot of, the existing used-auto transaction site of and the JV.

Stuff app rated most popular in Iran

Stuff app rated most popular in Iran, the biggest mobile-first general classifieds brand in Iran, emerged as the top among five most popular local Android apps (read most downloaded) with 11 million plus downloads so far in June, reported tech information site TechRasa.

Naspers results: Classifieds about to break even

OLX Group, the classifieds business of Naspers, is close to breaking even. Take LetGo out of the numbers, and OLX Group may even turn its first trading profit in the current financial year (FY2017/18 to end-March 2018). Excluding LetGo, the trading loss of OLX Group dropped to “only” $78 million U.S. in FY2016/17 from $192 million U.S. in FY2015/16, and $286 million the year before that. If this trend stays intact, OLX Group should be breaking even any month now.

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