Andy and Stephanie Sitt appear still to be at the helm of Inmagine, 123rf's parent company, but they're busy with all sorts of offshoot projects and it looks like minding the store at 123rf is not a priority
Some of these other projects are as far from running stock agency as you can get, such as this 3 day blockchain training "powered by Inmagine" they ran in July:
https://ethereumdevtraining.peatix.com/Other things seem closer to their original business, such as the acquisition of Vectr and Story & Heart last November, although their overblown descriptions of Inmagine: "...a global leader in the creative industry, continues to strengthen its global creative ecosystem" don't alter the fact that they don't do much with the businesses they acquire
https://finance.yahoo.com/news/inmagine-expands-global-creative-ecosystem-030000433.htmlOther than a rather garbled blog post about bug fixes and improved speed, it's not clear what Vectr has done as part of Inmagine's stable
https://vectr.com/blog/updates/welcome-vectr-version-1-19-app-gets-twice-faster-and-multiple-bug-fixes/Inmagine also partnered with GliaCloud:
https://www.enterpriseinnovation.net/article/inmagine-and-gliacloud-partners-ai-based-video-creation-613900786Earlier in 2017 Inmagine had acquired Pixlr from Autodesk as part of this "ecosystem" expansion:
http://pixlr.com/blog/123rf-acquires-autodesk-pixlr-to-boost-the-worlds-creative-ecosystem/At the time, one of the big things needed was to remove the requirement to use Flash
https://www.androidpolice.com/2017/04/26/pixlr-popular-photo-editor-autodesk-sold-123rf/In January of this year, the Pixlr founder joined Inmagine group to run development on Pixlr
https://vn.123rf.com/pressroom/press-20180129.phpWhatever he has done, Pixlr still requires Flash (I just went to their site to try and run it and it complained that I don't have Flash - something no one in their right mind should still be using).
The group is still hiring - look at the list of openings on the right:
http://startupjobs.asia/job/39836-inbound-key-account-manager-hong-kong-market-others-inmagine-group-malaysiaBottom line is that there is a lot of activity, PR buzzwords and big talk from Inmagine, but when it comes to actually delivering on promises, they fall way short.
I assume that's why they weren't able to sell the group or
take it public, two other things talked about in trade rags a couple of years back. Perhaps they hope if they keep issuing press releases about new things - like blockchain training - no one will notice that existing parts of their business are withering on the vine for lack of attention...