Tag: Letgo



Naspers results: Classifieds about to break even

OLX Group, the classifieds business of Naspers, is close to breaking even. Take LetGo out of the numbers, and OLX Group may even turn its first trading profit in the current financial year (FY2017/18 to end-March 2018). Excluding LetGo, the trading loss of OLX Group dropped to “only” $78 million U.S. in FY2016/17 from $192 million U.S. in FY2015/16, and $286 million the year before that. If this trend stays intact, OLX Group should be breaking even any month now.


Many users compromised, when Mercari causes leak

Many users compromised, when Mercari causes leak

Mercari, a c-to-c used-goods marketplace based in Japan, announced some good and some bad news today. Firstly, the bad news: The site apologized for a leak of personal information of registered customers of the site. The good news: Facebook’s ex-linchpin John Lagerling joined Mercari as chief business officer.


Markafoni goes, LetGo and PayU stay

Markafoni goes, LetGo and PayU stay

In many ways, Markafoni.com was the pioneer of e-commerce in Turkey. It was the first website to introduce the private-shopping concept to Turkey, the first to have a courier company with a branch office on the company premises and the e-commerce site in Turkey to open offline stores. No-one expected Markafoni to close down. So, when the news broke, it was reported in every national newspaper and on many news websites.


Tradus comes back as a heavy-machines site

Tradus comes back as a heavy-machines site

Tradus is a brand from the first hour of Naspers' adventure in global classifieds, when it acquired Tradus Group back in November 2007 for $1.9 billion U.S.. Between 2015 and 2016 the brand Tradus vanished from Naspers' classifieds portfolio for a few months. Now it's back ...



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