Online material exchange firm MatexNet launched two new business verticals for used vehicles and surplus retail goods, and said it plans to expand into neighbouring markets. The used vehicles division will be a common buyer-to-buyer platform for the vehicle 3-trading, the surplus retail division will facilitate dealing in slow moving, readily available finished retail goods, the firm said. MatexNet has been in the B2B business for more than a decade and conducts auctions for products and services such as copper, chemicals and transportation services.- Our Bureau