ZPG’s purchase of software company Expert Agent earlier this month has been called in by the Competition and Markets Authority (CMA) and is now under review, prompting shares in ZPG to drop this morning.The CMA has served an initial enforcement order to ZPG under section 72(2) of the Enterprise Act 2002.The announcement was made by ZPG this morning, saying that “having been informed of the review and the order ZPG is now engaging in a consultation with the CMA and will make a further announcement in due course”.The move has been widely anticipated within the industry after ZPG acquired Expert Agent – which trades under the name Websky Ltd – from private equity firm Metropolis. It in turn bought the company off founder Mike Griffiths in 2004.The ZPG acquisition of Expert Agent gave it a substantial slice of the UK agent software market, as it had already bought Property Software Group in April 2016.PSG at the time of acquisition by ZPG claimed to be used by over 40,000 estate agent letting agent branches across the UK, while Expert Agent is used by over 2,500 branches.The CMA has been in the warpath within the property industry of recent, fining four estate agents in Burnham on Sea a total of £370,000 over an illegal price-fixing cartel in the seaside town, and is now offering £100,000 rewards to agents who report similar anti-competitive in their areas.PSG CMA Competition and Markets Authority Expert Agent Zoopla March 31, 2017Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Agencies & People » ZPG purchase of Expert Agent to be reviewed by competition watchdog previous nextAgencies & PeopleZPG purchase of Expert Agent to be reviewed by competition watchdogShares in the group drop after announcement first thing this morning.Nigel Lewis31st March 201702,568 Views
Professional Evaluation Division, professional assessment division…… Taobao arena "created" many "masters", recently, and "occupation invoice division" appeared in Taobao, specifically for the invoice blackmail, once the seller does not provide invoices to coerce the seller remittance, usually amount to thousands of dollars, or complaint.
dig 2500 yuan to buy peace
on Tmall opened a food store, Mr. Xie told the "IT times" reporter, he encountered a professional invoice division". "One night, a man (with the same mobile phone number) has used a different address, in order to take the same 3 yuan payment of the goods, the goods shipping about 30 to 40 yuan, the customer feel that this is not a normal order. And the 2 address is unknown, one is in the government department, the other is a district in Beijing, the investigation of the plot does not exist." Mr. Xie told reporters, before long, the buyers began to ask customer service on the invoice, the customer’s answer is "need to buy goods and achieve a certain amount to the invoice, the medium for the other side up, the other said not invoice ah, on the line.
two days later, Mr. Xie found that the other closed orders and complaints on Tmall, said the store can not invoice. "Their order does not form, cash on delivery is the need to call to confirm receipt address and phone information is correct before delivery, but during the contact with him, he did not answer the phone, do not return messages, and he finally let us talk on QQ." Mr. Xie said.
in QQ, Mr. Xie told the buyers, can be invoiced, but buyers directly asked Mr. Xie remittance 4000 yuan will withdraw the complaint, at this time, Mr. Xie came to understand the real reason for buyers of invoice. After bargaining, the final turnover of 2500 yuan. The complaint was withdrawn after the money was made to the buyer’s designated account.
encounter similar things not only Xie a, also in the Tmall open shop sell jewelry Mr. Wei was the 2 division on occupation invoice after the first time not to give each other to send money by Tmall deducted points, second times to go astray, to spend 2000 yuan to the revocation of the complaint.
sellers questioned the rules loophole
Xie told reporters that, as far as he knows, there are more than 400 Tmall businesses have encountered a professional invoice division extortion, which probably has more than 300 sellers and buyers choose to compromise. "And they really compromise because in accordance with the provisions of Taobao, as it cannot be helped, if two different ID take the same goods, the seller is not invoice complaints because it should be penalized, fines, or even banned." Xie told reporters, with the exception of Taobao 10 thousand fines, many sellers believe that a few thousand dollars or cost-effective.
has many sellers questioned this is Tmall rules loopholes, Mr. Xie said, now Tmall buyers complain, as long as I see "invoice", "not" such a dialogue, that is the seller’s problem, this is.