Tag: schibsted


Ekhanei closes down, leaves Bangladesh to Bikroy

Ekhanei closes down, leaves Bangladesh to Bikroy

The owners of general classifieds site Ekhanei.com in Bangladesh (Schibsted, Naspers and Telenor (SnT)), decided to shut the site down today (May 17), since "the market conditions didn't favor online classifieds and the owners were unable to develop the site into a sustainable and profitable business”.


Vostok pushes Wallapop valuation up by 60%

Vostok pushes Wallapop valuation up by 60%

Vostok New Ventures thinks its 3-percent stake in Wallapop is worth $18.5 million U.S., which translates into a full value for the app of $616 million U.S.. The new value given to Wallapop by Vostok New Ventures is 60 percent up over the previous valuation.



Schibsted share price climbs on Telenor deal

The Schibsted share price “heads for the sky”, a headline on Norwegian news site Dn.no, screamed this morning in anticipation of the Q1 report released today. As it turned out, the price did climb. Despite the fact that Schibsted didn't deliver on analysts' expectations in Q1.


Vietnam’s Chotot.com launches auto vertical

Vietnam’s Chotot.com launches auto vertical

Digital media firm 701Search, a three-way joint venture between Singapore Press Holdings, Norway’s Schibsted Media Group and Telenor, launched Xe.chotot.com, an automotive classified site, to further exploit the $2.7 billion U.S. used-car market of Vietnam.


Schibsted crowns LeBonCoin eco champion of 2016

Schibsted crowns LeBonCoin eco champion of 2016

Schibsted must be one of the best - if not the best - ambassadors of the global classifieds industry, thanks to the excellent way it explains how the world benefits from buying and selling used goods. In 2016, the traders on eight of Schibsted's classifieds sites saved 16.3 million tons of greenhouse gas emission, the company said in a news release.



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