Payments via Facebook Messenger have come to Europe, bringing closer the possibility that online payments will soon become part of Facebook Marketplace. An e-money license in Ireland has now crossed over to Spain via the EU's reciprocal EU agreements.
Amazon.com has started testing classified advertising in Bengaluru, India, in a "global Amazon initiative" that is expected to expand to other markets if it is successful.
The listed Chinese classifieds platform Baixing.com announced plans to acquire Shanghai Hechen Information Technology for RMB 25 million ($3.6 million U.S.), of which RMB 5 million will be financed by issuing equity.
Although the era of the mobil-only marketplace can be traced back to the end of 2014 in Turkey, the real boom only came when LetGo entered the Turkish market early in 2015 and starting building brand awareness with TV spots.
Gumtree SA built its category services out into a full-blown vertical for business services, called Gumtree Connect. The service, which seamlessly connects home owners with local service providers, is headed by Andre Hugo, and will be launched soon.
Stootie, a site for local services and used-goods trading, raised €9 million ($9.4 million U.S.) from a group of investors including BPI France, MAIF Avenir, and CapDecisif Management. The funds will be used to launch a payment service in February.
Remco Armee, COO of Marktplaats.nl, will leave the company to become head of e-commerce business at Independer from the start of January.
EBay has revealed plans to more closely integrate inventory listings from EBay with Gumtree, Kijiji, Vivanuncios and EBay Classifieds.
Ruten, an online marketplace (new and used goods) operated by a joint venture of PChome Online and EBay in Taiwan, integrated a new digital payment system for free and secure money transfer between buyers and sellers.
Revenue of Yahoo Japan Group’s consumer business segment rose 2.6 times to $35.8 billion U.S. in Q2 of FY2016/17 from Q2 of the year before - and Yahoo! Auctions played a leading role in the strong performance.