Ringier's Nils Körber on ArtificiaI Intelligence, Training the Machine, and Talking about Problems
Online Market Places
by Harvey Hancock
2d ago
"What would you do with one million interns?" The award for the best question at the PropTech and Portal Watch conference in Bangkok went to Nils Körber who posed a fascinating (if surreal) AI-powered question to the audience during his keynote presentation about Ringier's journey to the AI-powered marketplace. Nils is the Managing Director of Ringier South Africa, a software development hub providing tech solutions for many well-known classifieds platforms and property portals around the world including Imobiliare in Romania, BuyRentKenya and Reality in Slovakia. I wanted to understand more o ..read more
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As OnTheMarket Hits 15,000 Advertisers, Zoopla Fights Back with Big Agency Deal
Online Market Places
by Edmund Keith
2d ago
The British property portal Zoopla has announced a new long-term listings deal with Dexters, one of London's top agencies with 156 branches across the capital. As part of a deal that runs until December 2026, Dexters has committed to using Zoopla's Valuation Booster across all of its branches. The tool is designed to win Zoopla's customers more instructions in their area by marking them as pre-selected options when users click through to contact an agent. In pointed comments, Dexters' CEO Andy Shepherd referred to the British number two portal as an "agent-friendly" platform, parroting the PR ..read more
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LeBonCoin Suffers Data Leak and Boliga Comes Under Cyber Attack on Same Weekend
Online Market Places
by Edmund Keith
3d ago
LeBonCoin, the leading French horizontal marketplace owned by Adevinta, has acknowledged that some of its users' personal information was exposed over the weekend of March 16th and 17th. The leak was put down to what the company terms as a "technical incident" that has since been rectified. The incident saw buyers' full names, phone numbers, and email addresses displayed to private sellers on the platform. A company spokesperson stressed that no passwords or banking information was affected. LeBonCoin's admission comes after some users took to social media to discuss the leak. French internet ..read more
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Analysis: Can Zoopla, Realtor.com and Domain See Off Challengers and Close the Gap to Market Leaders?
Online Market Places
by Edmund Keith
3d ago
Well-funded challenger portals have been generating a lot of headlines in the industry recently. CoStar has been explicit about its mission to become a market leader in both the US and the UK and has named Zillow and Rightmove as the companies it intends to supplant with Homes.com and OnTheMarket respectively. Both CoStar-owned challengers are currently (arguably) sitting in third place right now. To have a shot at the title though, you have to rise through the ranks. Muhammad Ali had 20 fights by the time he fought Sonny Liston and before going for the big boys' belts CoStar will have to get ..read more
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PropTech Funding Roundup: Spacely AI, Paraspot, First Street, Landerz
Online Market Places
by Harvey Hancock
6d ago
This week's proptech funding roundup hits close to home, featuring none other than the startup that won the Pitch Club competition at the recent PropTech and Portal Watch conference in Bangkok. Speaking of...   Spacely.ai raises pre-seed round to develop its AI-facilitated interior design tool Thailand-based generative AI proptech Spacely.ai has raised an undisclosed amount in pre-Series A funding from SCB 10X, a venture capital fund with a special interest in disruptive technologies operated by one of Thailand's largest commercial banks. Spacely.ai will use the funds to expand operations ..read more
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Product Roundup: Zillow, Immobiliare, Jitty, Listing Loop, AngoCasa, DomClick, Propertynews, Wasalt
Online Market Places
by Harvey Hancock
6d ago
Our product roundups seem to get bigger every week. This edition sees no fewer than ten companies announcing product and service updates, from partnerships between portals and insolvency firms to two AI-related stories coming out of the UK. We've split this roundup into global regions for your convenience, starting with...   United States Zillow introduces 'coming soon' listings Listings can now be categorized as 'coming soon' on Zillow's portal—as long as you're an agent-customer of Canadian real estate software company RESAAS. RESAAS customers can opt-in to pre-market their clients' pro ..read more
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CEO Dhruv Agarwala on How REA India Reached Traffic Leadership, the Size of the Prize and Industry Disruption
Online Market Places
by Harvey Hancock
6d ago
As CEO of REA India, Dhruv Agarwala heads up one of the most ambitious projects in global real estate: becoming the outright number one player in the most populous market in the world. In fairness to him, he isn't doing it alone. REA India consists of three major brands in Indian real estate (Housing.com, PropTiger and Makaan) and has the backing of the Australian portal giant and News Corp asset REA Group. Yet, three full financial years after being acquired, REA India has yet to reach profitability. What is Dhruv working on to achieve profitability? How does he see the hyper-competitive Indi ..read more
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KE Holdings Sees 20% GTV Uptick in 2023 and Announces Special Dividend as It Outperforms Chinese Market
Online Market Places
by Edmund Keith
1w ago
The Chinese brokerage and real estate marketplace operator KE Holdings (aka Beike) saw gross transaction value (GTV) increase 20% in 2023 as revenues ticked up 28%. Other notable points from the company's report on its activities for the fourth quarter of 2023 include: Net income for 2023 was RMB5,890 million (US$830 million), compared to net loss of RMB1,397 million in 2022. Mobile monthly active users averaged 43.2 million in the fourth quarter, up 18% on 2022's figure. The number of active agents on the company's network increased 8.5%. China's real estate market is slowly recovering afte ..read more
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CoStar's US Challenger Homes.com Claims Extraordinary 567% Year-On-Year Traffic Growth
Online Market Places
by Edmund Keith
1w ago
CoStar claims that its U.S. residential network of portals recorded 149 million unique visitors in February, with the fledgling Zillow challenger Homes.com achieving a 567% year-on-year increase. The company claims that the figures, measured through Google Analytics, show that its much-touted 'your listing, your lead' model is resonating with American home hunters. “The latest traffic data for the Homes.com network is a validation of our unprecedented investment in building the most comprehensive and agent, seller and buyer friendly residential portal on the market,” said Andy Florance, Found ..read more
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Local Press Reports Four Private Equity Firms Preparing Bids for Idealista
Online Market Places
by Edmund Keith
1w ago
Madrid-based newspaper El País is reporting that four private equity firms from around the world are lining up bids to take over leading Spanish real estate portal idealista. Quoting "financial sources" the masthead reported in January that the portal operator had refinanced €300m of its debt while its two largest shareholders, EQT and Apax Partners, got together with major Spanish investment banks to discuss a possible sale of the company or a float on the public markets via an IPO. The latest reporting once again quotes "financial sources" in stating that idealista's owners have hired M ..read more
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