Tag: naspers


OLX hits the jackpot in India

OLX hits the jackpot in India

Facebook’s Marc Zuckerberg today took a huge step forward in his quest to connect the world’s “unconnected two-thirds” to the Internet, when Internet.org launched its app with free basic services in India, a country where one billion people are not connected to the Internet.Mobile phone owners can download this Android app and surf to any of 38 websites without paying their mobile service prov


OLX sales up in Ukraine on popularity of used goods and mobile

OLX sales up in Ukraine on popularity of used goods and mobile

Ukraine’s No. 1 general classifieds platform OLX.ua, owned by Naspers, reported its trade volume rose 62 percent year-on-year in 2014, and the number of users 20 percent.The site management attributed the broad trend of growing popularity of ecommerce and online trade in the country to several factors, including the tough economic conditions, which make people prefer used goods over new goods,



Several strong e-commerce players interested in Ricardo

The leading Swiss newspaper "Tagesanzeiger" whipped the rumor that Naspers wants to sell its Swiss subsidiary Ricardo AG into a frenzy with a report that several players had entered the bidding competition. Naspers reportedly hopes to pocket between 300 and 400 million Swiss francs


Naspers denies plans to sell Allegro

Naspers denies plans to sell Allegro

According to Naspers’ spokeswoman Meloy Horn, Naspers has no plans to sell its Polish assets. The rumor was placed in the market last week by a report of Reuters.On Friday Naspers’ spokeswoman denied the rumor, saying to Reuters (here) that "Allegro is a strong-performing, profi


Cox Auto likes new investors in BitAuto

Cox Auto likes new investors in BitAuto

As it turns out, the Cox Automotive stake in BitAuto will be considerably diluted by the planned $1.55 billion (U.S.) investment in BitAuto (NYSE: BITA) from Chinese e-commerce site JD.com and Naspers-backed Tencent. (See CIR 16.01.) But Cox is perfectly happy about that.“The transaction was announced but it has not closed yet



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