The firm posted a 93.9% rise in total assets to £10.2 million, up from £5.2 million a year earlier LONDON: Valereum Plc (AQSE: VLRM), a company specializing in tokenised digital markets, reported a significant increase in assets and net worth for the six months ended June 30, 2025, despite a decline in profit before tax…
Search Results for: marketplace
Articore delivers first positive EBIT in five years amid marketplace consolidation
MELBOURNE: Articore Group Ltd (ASX: ATG), operator of global online marketplaces Redbubble and TeePublic, posted its first positive fourth-quarter EBIT in five years, driven by aggressive cost-cutting and operational consolidation. The company reported a fourth-quarter gross profit margin of 49.7%, up 430 basis points year-on-year, and a 410 basis point improvement in GPAPA margin to…
Gumtree offloads capital markets arm to ADVFN in $6.8 million deal to sharpen marketplace focus
PERTH: Gumtree Australia Markets Ltd. (ASX: GUM) has signed a binding agreement to sell its capital markets businesses—HotCopper in Australia and Stockhouse in Canada—to ADVFN Ltd. for $6.8 million in cash, the company announced Monday. The deal, expected to close the same day, will reduce Gumtree’s debt by $4.8 million and generate $2 million in…
Temu expands marketplace in Australia, welcomes local sellers
SYDNEY: E-commerce giant Temu has announced it will allow Australian businesses to sell directly to local consumers on its platform, marking a significant expansion of its marketplace model. Temu, known for its ultra-low prices and vast product selection, has quickly gained traction in Australia amid rising cost-of-living concerns. A recent survey by National Australia Bank (NAB) found…
Competition regulator targets deceptive practices in online marketplaces
The Competition Commission of Pakistan (CCP) held talks with leading digital marketplaces, PakWheels and OLX Pakistan, to address concerns over anti-competitive practices and deceptive marketing in the country’s growing online economy. The discussions focused on ensuring fair competition and consumer protection in digital marketplaces. Representatives from both platforms met with regulators to outline compliance measures and…
Voltage Park acquires TensorDock, a GPU cloud marketplace
Voltage Park, a scalable GPU-as-a-service (GPUaaS) provider offering on-demand and reserved AI infrastructure, announced Thursday its acquisition of TensorDock, a leading GPU cloud marketplace. The move underscores Voltage Park’s mission to democratize artificial intelligence by offering GPU solutions suitable for businesses of all sizes. “We share a common mission to make AI compute more accessible,” said…
Ivanti launches new Tech Alliance Marketplace
SALT LAKE CITY: Ivanti, the renowned technology firm at the forefront of bridging the gap between IT and security, has announced the launch of its innovative Tech Alliance Marketplace in Salt Lake City. This cutting-edge platform is engineered to meet the ever-changing demands of customers, revolutionizing the way partners and customers interact with Ivanti’s comprehensive…
OpenAI launches a marketplace for custom GPT models
The artificial intelligence company behind GPT-4, the world’s most powerful language model, is opening up its technology to a wider audience. OpenAI is launching the GPT Store, a platform where users can browse, create, and share custom GPT models for various applications. The GPT Store aims to democratize access to natural language generation and foster…
OpenLearning acquires online higher education marketplaces from Prosple
SYDNEY, AUSTRALIA: OpenLearning Limited (ASX: OLL), the AI powered SaaS platform for lifelong learning, has signed a binding business and asset sale agreement to acquire three leading Australian higher education marketplaces, expanding the student acquisition capabilities it offers to customers. Annually, the marketplaces attract over 800,000 users and list over 15,000 courses and degrees from…
Agilea Solutions acquires Workerbee, an online talent marketplace for software experts
LAS VEGAS: Agilea Solutions, a leading provider of HR and IT solutions, has announced the acquisition of Workerbee, an online talent marketplace that connects businesses with on-demand software experts. The acquisition will help Agilea address a critical challenge faced by HR and IT departments worldwide – finding specialized talent for ad hoc software needs in…
All Nippon Airways (ANA) Launches NFT Marketplace
All Nippon Airways (ANA) has launched a new Non-Fungible Token (NFT) marketplace, becoming the first airline in the world to do so. The marketplace, called ANA GranWhale NFT MarketPlace, is operated by ANA NEO, a subsidiary of the ANA Group. NFTs are digital assets that are stored on a blockchain and cannot be replicated. They…
Amazon delays launch of NFT Marketplace to May 15, citing readiness issues
Amazon has pushed back the launch of its highly anticipated NFT marketplace, the Amazon Digital Marketplace, from April 24 to May 15. The e-commerce giant cited technical and commercial challenges as the reasons for the delay. The marketplace was set to offer about 15 NFT collections on its launch day, but now 80 NFT collections,…