OLX Group, the classifieds business of Naspers, is close to breaking even. Take LetGo out of the numbers, and OLX Group may even turn its first trading profit in the current financial year (FY2017/18 to end-March 2018). Excluding LetGo, the trading loss of OLX Group dropped to “only” $78 million U.S. in FY2016/17 from $192 million U.S. in FY2015/16, and $286 million the year before that. If this trend stays intact, OLX Group should be breaking even any month now.
Mercari, a c-to-c used-goods marketplace based in Japan, announced some good and some bad news today. Firstly, the bad news: The site apologized for a leak of personal information of registered customers of the site. The good news: Facebook’s ex-linchpin John Lagerling joined Mercari as chief business officer.
The Berlin-based mobile marketplace for used and new stuff that features videos instead of photos, announced it has raised $4.9 million in a seed round.
In many ways, Markafoni.com was the pioneer of e-commerce in Turkey. It was the first website to introduce the private-shopping concept to Turkey, the first to have a courier company with a branch office on the company premises and the e-commerce site in Turkey to open offline stores. No-one expected Markafoni to close down. So, when the news broke, it was reported in every national newspaper and on many news websites.
OfferUp has a new board member: Darrell Cavens, the CEO of Zulily, a Seattle-based e-commerce site for moms and kids. Cavens will be OfferUp’s first, independent board member.
Forbes magazine takes an extensive look at Craigslist and its two major competitors, OfferUp and LetGo, in an impressive 5,000-word series from reporter Ryan Mac. The magazine "conservatively" values Craigslist at $3 ...
A documentary in Norway portrayed Schibsted as a company which buys start-ups to get its hands on technology, only to renege on a promise to spend money on marketing. Schibsted defends itself but only manages to slip deeper into the quirk mire.
OfferUp, the stuff app founded in Seattle in 2011, has launched an initiative to promote safety with "meet-up" locations at police departments. The company is offering free kits with information and signs to departments that provide video monitoring of ...
Tradus is a brand from the first hour of Naspers' adventure in global classifieds, when it acquired Tradus Group back in November 2007 for $1.9 billion U.S.. Between 2015 and 2016 the brand Tradus vanished from Naspers' classifieds portfolio for a few months. Now it's back ...
Buzzfeed reporter Katie Notopoulos doesn’t like Facebook Marketplace. Her latest article is titled “Facebook Marketplace Kinda Sucks.” Are her criticisms fair? And what can we learn between the lines?