Facebook will bring existing News Feed ads to Marketplace as it tests new revenue sources. It's a response to a comment by company CFO Dave Wehner who said last year that Facebook’s ad load will be a “relative non-factor” for predicting future revenue growth starting in 2017.
Germany’s No. 1 auto portal will raise prices on its cheapest subscription package next month, annoying dealers who accuse it of monopolistic behavior.
France’s Solocal Group (Paris:LOCAL) announced it started exclusive talks to sell the country's fifth largest property platform AVendreALouer (“To sell and to rent” in French).
Doumi (斗米), a temp working app from classifieds giant 58.com (NYSE: WUBA), has released a series of new sub-platforms over the past few months. In addition to the Doumi platform itself, there is now also Doumi Tegong (斗米特工), Doumi Yingxiao (斗米营销), Doumi Yonggong Zhushou (斗米用工助手) and Doumi Huizhan (斗米慧展), among several others. According to Questmobile’s Q2 report, Doumi’s MAU for the first six months of this year was up 683 percent over the same six months of 2016, the highest figure among all platform’s mobile recruitment offerings.
Two employees of Chinese recruitment platform Zhaopin (智联招聘, NYSE: ZPIN) have been found guilty of violating the data rights of the platform’s users. The employees – named only as “Shen” and “Li”, a sales representative and a customer service representative at the company – were sentenced to three years and six months and one year and six months of jail time, and fines of 300,000 RMB ($44,230 U.S.) and 50,000 RMB respectively.
A number of tech-driven property classifieds companies are challenging traditional business models and agent commission structures in South Africa's property market. These include PropertyFox, Leadhome, JVP Properties, and HomeBid. Typically, these start-ups cut out the estate agent by making it easy for buyers and sellers to connect directly, and so save sellers the commissions they would otherwise have paid to agents. (In South Africa, the seller pays the estate agent for selling his property.)
LatAm Autos, the Latin American auto classified platform operating in Argentina, Bolivia, Ecuador, Mexico, Panama and Peru, has partnered with a Mexican autos celebrity to promote its SemiNuevos site in Mexico.
BMW i Ventures, the risk capital arm of the German auto giant, announced yesterday it has made a strategic investment in Caroobi, the Berlin-based startup for auto aftersales.
Mumbai-based Timesaverz Dotcom, owners of an online marketplace for home services, raised $1 million (Rs 6.5 crore) from Bennett, Coleman and Co. Ltd (BCCL), publisher of the Times of India Group of newspapers. The move would have been noted at the HQ of Quikr, which runs its own fast-growing, home-services vertical.
While aggregation sites for property listings emerge every so often in France, Spain-based Trovit and Mitula continue to dominate the market. This may well have come about, because of their strong relationships with local property verticals, a recent analysis by Immomatin concluded.