News


Ucar continues to up its stake in Car Inc.

Ucar continues to up its stake in Car Inc.

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 offers auto leasing on Tencent’s WeChat

Guazi offers auto leasing on Tencent’s WeChat

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).


OLX Nigeria involves itself in moneyflow

OLX Nigeria involves itself in moneyflow

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.


Why every country needs an algorithm regulator

Why every country needs an algorithm regulator

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.


Social network Nextdoor adds real estate listings

Social network Nextdoor adds real estate listings

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.



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