Australian recruitment advertising company Seek, majority owner of jobs site Zhaopin in China, wants to take Zhaopin private with a consortium of investors, including Seek, Hillhouse Capital Management, and FV Investment Holdings, an affiliate of FountainVest Partners.
Assembly Payments, an Aussie fintech start-up, previously known as Promisepay, inked a landmark deal with EBay-owned classifieds site Gumtree, that will enable customers to pay for services online with a newly launched service called Gumtree Connect.
EHarmony is looking for a buyer for its three-year foray into recruitment classifieds after Elevated Careers failed to click with jobseekers.
Sandy Schwartz, president of Cox Automotive Group, says he's having fun trying to integrate the 25 businesses that Cox Automotive runs, in a terrific interview by WardsAuto.
The valuation of classifieds is a multimillion-dollar game, which landed in the spotlight in Norway recently, where the media company Polaris Media, publishers of newspapers in northern Norway, is struggling hard to make ends meet - as most newspaper companies do these days.
Hellomarket (Hellomarket.com), a leading stuff marketplace in South Korea, announced multiple-time growth in its transaction values, and listings and lengthening user sessions of its app in the past year.
OLX Bulgaria published its impressive site statistics, and plans for 2017, that include the development of mobile products and fostering cooperation with small and medium-sized companies.
Bayt.com, a leading job site in the Middle East, enhanced its CV search tool to help employers in their ongoing battle to connect with the best job seekers.
Truebil, a start-up in India which describes itself as “a curated, authentic and verified virtual marketplace for pre-owned cars”, raised $3 million in a series-A round from Chinese investor Shunwei Capital, which also backs auto site RenRenChe in China.
EBay teamed up with Aeropost.com to provide Latin American shoppers "seamless access to millions of products" on AlaMaula.com in Argentina, and ecommerce sites elsewhere in Latin America, in competition with MercadoLibre, Naspers and Schibsted.