Alibaba-backed Ucar Group (神州优车) purchased equity of its sister company Car Inc. (神州租车有限公司) to the value of 700 million RMB ($103 million U.S.). Car Inc. is China’s largest car rental service provider. It is listed on the Hong Kong Stock Exchange,
Guazi ershouche (瓜子二手车), China’s leading c-to-c, used-auto transaction platform, launched a “micro program” on Tencent’s social network and chat platform WeChat (微信). The micro program is called “Get a new auto with a 10-percent down payment” (付一成新车).
The German auto platform Auto.de, which belonged to the collapsed Unister GmbH, has been sold to Vicus Media for an undisclosed sum, according to German media reports.
Morten Hartmann, the former CEO of mobile-first stuff platform Stuffle, told the AIM Group today that he had dissolved the company, but that the site will remain in service under new ownership.
Calling all stuff site managers - here is an article worth reading. It's by Yuriy Mukhin, co-founder of Lalafo (LinkedIn), a stuff site operating in 13 countries.
OLX Nigeria deployed the third-party payment gateway of Interswitch to its platform to make life easier for users wanting to pay for premium services on the site, such as Do-it-for-me (DIFM) and Top Ads. The gateway makes it easier and safer to pay the site.
The European used-car auction site CarsOnTheWeb has Richard Buss as a new country manager for the Netherlands starting from July, while Lars Agten will start in September as a country manager for Belgium.
As an internet phenomenon, algorithms have a very good name. And their creators are held in very high esteem by their employers and the community at large. Algorithms are the "secret sauces" of the new economy; the USPs of many online businesses; the stuff behind the entrepreneurial stampede of the modern-day gold rush.
How do you say Vroom in VC? How about “$76 million U.S.?” That’s the amount online automotive retailer Vroom bagged in a Series F round.
Neighborhood social network Nextdoor is adding real estate listings. A new property section is being piloted in six regions: the San Francisco Bay Area, San Diego, Portland, Phoenix, greater Atlanta, and Dallas/Fort Worth, with plans to add additional markets “over the course of 2017,” according to an information page hidden in Nextdoor’s “Help” section.