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Tag: worldwide

58.com Second-Round Funding Reaches USD 15 Mln

Chinese online classifieds site 58.com announced today that its second-round funding, mainly from Doll Capital Management (DCM) and SAIF Partners, totaled USD 15 mln. CEO Yao Jinbo did not reveal the company’s new equity structure following the investment, but said that 58.com more…

Ad revenue heads for $2b mark

ADVERTISERS spent $1.87 billion last year vaunting their products and services online, a rise of 9.4 per cent on the previous year, according to figures from PricewaterhouseCoopers, confirming the medium is on track to break the $2 billion mark this financial year.

Earlier forecasts had predicted that ads on banners, around videos and in search engines would be a $2 billion medium by the end of last year, so cementing its position as Australia’s biggest medium after newspapers and television. more…

Sulekha Asks Users To Pay a Tip; IPO May Not Happen

Sulekha.com started as a community website and is now being projected as a classifieds site. Speaking to MediaNama, Sulekha’s President and CEO Satya Prabhakar spoke about the company’s identity, direction and business performance.

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EBay to Close Burnaby Facility; About 700 Jobs Lost

The eBay sign sits outside the companys headquarters in San Jose, California. Photograph by: Handout photo, Handout photo

The eBay sign sits outside the company's headquarters in San Jose, California. Photograph by: Handout photo

E-commerce giant eBay is closing its Metro Vancouver customer-service office and cutting about 700 jobs as it consolidates customer-service operations in Salt Lake City, Utah, the company announced late Tuesday.

The office, located in Burnaby, will be closed by Sept. 30 as the company tries to “capture efficiencies” and expand its customer support efforts. more…

Ebay Comes to Vietnam

The first cross border electronic commercial portal in Southeast Asia and only the third in Asia went into operation at ebay.chodientu.vn and www.ebay.vn on April 27.

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Lessons from developing economies

It has always been obvious that developed economies don’t own the monopoly on innovation. But don’t those living in the West usually get the spoils?

We get the iPhone, for example, those in emerging markets get a mobile phone. We get bottled vitamin water; they might get access to clean drinking water. We get laptops in schools; they might get desks in classrooms.

As this great story in Fast Company magazine points out, innovation has always been about the people in Western countries getting the latest stuff and the rest of the world getting our castoffs as our markets scale and our prices come down.

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Growth Predicted for Search Engine Marketing

Internet marketing will help the overall UK advertising sector to grow significantly between 2010 and 2020, according to a new forecast from the World Advertising Research Centre for the Advertising Association (AA).

The report suggested that the UK advertising industry could see growth of up to 52 per cent during this period, with web-based campaigns to be a “major force” in spurring expansion.

Search marketing – which is in the AA’s ‘other classifieds’ category – in particular will experience significant growth over the next ten years, according to the forecast.

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Sagoon – Another Google Search Challenger?

Homepage has a clean half-box layout style with a lot of empty space at the bottom, with no advertisements

The result of a mission to bring together and organize online information, Sagoon, the beta version of a new search engine, has been released for public testing.

So, does this newbie spell itself as a Google threat? more…

Online Advertising in Australia Grows 27% in 2008

Online Advertising in Australia hasn’t been doing too bad. In fact, according the Online Advertising Expenditure Report from the Interactive Advertising Bureau (IAB), online advertising dollars in Australia have risen 27% to $1.7 billion over 2008. more…

Comcast Partners with Oodle Classifieds

Oodle announced that Comcast has joined its partner network, expanding its online marketplace to include tickets and pets powered by Oodle. The deal gives Comcast users access to a compendium of sports, concerts and theater tickets and events on the web. The addition of Comcast to Oodle’s partner network of more than 200 leading brands, including Walmart, Facebook, MySpace, and Cox Broadcasting, now gives Oodle access to over 200 million uniques worldwide. more…