Jumia Group, operator of nine subsidiaries in 33 countries in Africa, merged the marketplace Jumia Market in Kenya with its online shop Jumia in the same country, in a move aimed at reaching profitability sooner. After the merger, Jumia Market (with listings for new and used goods) still operates in 13 other countries in Africa.
The Berlin-based auto site that operates in the UK closed a funding round as digitized auto sales get more investor attention.
Alibaba Group (NYSE: BABA), parent company of used- and new-goods site Taobao and the stuff app Xianyu, continues to shell out billions on the Southeast Asian online shop Lazada.
Yesterday, Hangzhou-based Alibaba Group (e-commerce, cloud services and entertainment) announced it would be upping its stake in Lazada from 51 to 83 percent by investing $1 billion U.S. in the business. The deal valued Lazada at $3.2 billion U.S..
Larbi Alaoui Belrhiti, who was the head of Schibsted-owned Avito.ma for nearly five years, will start at Jumia Maroc as CEO in mid-July, Moroccan media reported.
Vehicle verification (making sure it is what the seller says it is) has always been a prerequisite for the buyer in Pakistan’s used-car market. Growing digitization of the economy has made the ritual simple, with motor registration authorities serving users online.
Carfirst.com, a used car Internet auction site, secured an undisclosed series A funds from the Frontier Car Group…
At the Q1 earnings conference, Rocket Internet’s CEO Oliver Samwer repeated the promise he had made last year to bring three of Rocket Internet's portfolio companies to break-even by the end of FY2017.
Move24, the German platform for home relocation, landed its second round of funding in a year and plans to expand its services.
HelloCar, a start-up used-car online retailer, decided to launch U.K.-wide after a successful pilot period in Manchester. HelloCar removes the dealer from the car-buying process.
Namshi, the Rocket Internet-owned fashion retailer with sites in six Middle Eastern countries, promoted Alessandro Nadalin to CTO. The Italian was formerly Namshi’s vice president of technology.