On Friday, Indeed Germany officially announced it had signed a three-year contract to be the primary sponsor of Eintracht Frankfurt, a premier league soccer club. The deal is worth around €6.7 million ($7.5 million U.S.) per season for the club, according to a report on Faz.de.
LinkedIn's ongoing push into the China market hit a roadblock last Friday, when president Derek Shen resigned. Shen headed LinkedIn's China division since its inception more than three years ago. He joined LinkedIn from group-buying site Nuomi, where he was CEO.
Autohome, one of China's leading names in automotive commerce via the used-and-new autos platform Autohome.com.cn and the leading used-autos platform Che168.com, continues to move in a new, and original direction under its new ownership.
LatAm Autos, the Latin American auto classified platform operating in Argentina, Bolivia, Ecuador, Mexico, Panama and Peru, unveiled several updates to its business strategy at the Global Online Classifieds Summit in Miami this week. The revisions aim to focus the company on its best-performing markets.
Larbi Alaoui Belrhiti, who was the head of Schibsted-owned Avito.ma for nearly five years, will start at Jumia Maroc as CEO in 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.