Carsales.com buys online auction site OZtion
Australia's second largest online auction site, OZtion, has been sold for the second time in just over two years, with online classifieds giant Carsales.com acquiring the business for $1.1 million.
Tag Archive | "australia"
Secrets from four of the fastest-growing online stars
Wednesday, August 25, 2010
With this year's financial reporting season nearly over, it is now clear the best performing companies are operating online, with many traditional retail and services businesses being left behind. Following a number of disappointing results from companies across all industries including JB Hi-Fi, Foster's and Woolworths, digital companies like Seek and WebJet have been able to produce solid financials due to a focus on bargains and customer-driven research.
Internet advertising industry cracks $2 billion mark
Monday, August 16, 2010
New figures showing the Australian internet advertising industry has cracked the $2 billion barrier is yet another sign small businesses must pay more attention to online marketing, one industry expert believes. The latest Interactive Advertising Bureau Online Expenditure Report, compiled in tandem with PricewaterhouseCoopers, reveals total online ad expenditure came to $2.04 billion for the year ending June 30, 2010.
Amazon and eBay the most visited shopping websites
Sunday, August 1, 2010
Online auction and retail site eBay is the most visited shopping website in the United Kingdom, Australia and Singapore while Amazon takes the top spot in the US and comes a close second in Singapore and the UK.
Car ads take on big media sites
Friday, June 18, 2010
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The online motoring race has begun after motoring portal caradvice.com.au announced it will offer free ads on its new acquisition, carbuddy.com.au. Motoring editorial site caradvice.com.au bought carbuddy.com.au earlier this month from Jumbuck Entertainment Ltd and aims to give the big guns in online motoring a run for their money.
Global Financial Crisis and Market Maturity Slow Growth
Sunday, April 25, 2010
The Australian online classifieds advertising market grew by only 2.5 per cent in 2009 to finish the calendar year valued at A$506 million. This compares with growth in the 2008 financial year of 28 per cent demonstrating the marked impact of the global financial crisis on the local advertising sector.
10 lessons from the dotcom bust
Wednesday, April 14, 2010
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MARCH marks a decade since the beginning of the end for the dotcom bubble. On March 10, 2000, the technology-heavy NASDAQ sharemarket index peaked at 5048.62 – double its valuation of a year earlier – with a slew of highly speculative public offerings for web-based businesses inflating the index well beyond reason.
Telstra to float then sell SouFun
Wednesday, December 2, 2009
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Telstra will float its booming Chinese real estate classifieds business, SouFun, but will then sell down its stake. It made the surprise announcement last night, giving scant detail except to say the process of preparing the business for an initial public offering was under way.
Trading Post Dumps Print Edition
Thursday, October 1, 2009
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In the latest confirmation of changing times in traditional publishing, the Trading Post is dumping its weekly print edition to move online. The classified advertising icon, which was immortalised in the hit film “The Castle” will publish its final print edition at the end of October.
Newspapers ‘Too Slow’ To Compete With Online Ads
Monday, September 14, 2009
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Newspapers are now struggling because the revenues they used to receive from classifieds have shifted to the internet (ABC News: Giulio Saggin, file photo) The head of online classifieds company carsales.com.au says newspaper publishers are suffering because they have been too slow to react to the growth of the internet. The online company, which was founded nearly 15 years ago, was floated on the share market last week. Newspapers are now struggling because the revenues they used to receive from classifieds have shifted to the internet.
Worst-Case Fears Forgotten As Ads Send Seek Higher
Wednesday, August 26, 2009
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AUSTRALIA'S internet job classifieds leader Seek said yesterday the fall-off in employment ads in 2008-09 had not been as pronounced as expected, prompting a re-rating of the company that triggered a substantial rally in its shares. Seek's shares yesterday rose 71c, or 15 per cent, to $5.35 on their biggest single day of volumes since May. The rise pushed Seek's share price to its highest level in almost a year.
Carsales Classifieds Leader Ready For $812m Float
Monday, August 17, 2009
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The largest sharemarket float since the global financial crisis -- that of the country's online car classifieds leader, Carsales.com.au -- is set to be launched to the public today in an initial public offering that values the company at $812 million.
Trading Post May Quit Print Edition
Monday, August 10, 2009
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Iconic classifieds publication The Trading Post may cut its weekly printed edition in order to focus on its online operations. According to a report in today's Australian, the Telstra-owned newspaper could be shut down as early as October after 40 years in print.
EBay Makes Changes to Fees
Wednesday, July 15, 2009
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Online marketplace eBay says its Australian website is experiencing a similar downwards trend in sales as its other sites worldwide and has cut fees to bolster its local listings. Managing director of eBay Australia and New Zealand Deborah Sharkey said eBay.com.au averages around five million visitors each month.
Australian Online Real Estate Market Poised For Battle
Friday, July 10, 2009
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It's shaping up as a battle of the online giants. In one corner are the current champions of Australia's online real estate classifieds, realestate.com.au and Domain, and in the other corner is the challenger Google. And there's no need for introductions. While more than 90 per cent of Australians online use Google, the popular search engine is now looking to enter the property search market.
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Facebook now has 500 million users, but as Mike Armstrong explains, the social networking site’s founder has lost a few friends on his way to the top.
Thursday, August 26, 2010
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