In Scandinavia, OLX Brazil is said to have a good chance of becoming the next Avito-like success story. In FY2017 OLX Brazil is expected to take the first step in that direction and turn its net loss of NOK 208 million in FY2016 into a surplus in FY2017.
Vostok New Ventures thinks its 3-percent stake in Wallapop is worth $18.5 million U.S., which translates into a full value for the app of $616 million U.S.. The new value given to Wallapop by Vostok New Ventures is 60 percent up over the previous valuation.
Naspers’ OLX Group launched Fixly.pl, a new vertical for online services. The site was first unveiled in Poland, but it might not be long before the platform also appears in other country markets.
In Poland, Naspers' real estate site Otodom.pl announced plans to launch a dating site for real estate agents. Sounds like a joke? Read on.
Media24, a subsidiary of Naspers, assembled a team of international experts to help it accelerate its transformation to a digital media company with interests in e-commerce and classifieds in South Africa and abroad.
We’ve seen OLX Group, the classifieds subsidiary of Naspers, grow its portfolio from the horizontal platform OLX in about 40 countries to an auto vertical (Stradia), a real estate vertical (Storia), and a heavy-machines vertical (Tradus). Now, another brand is on its way: OLX Group will launch a global brand for online services - probably still this year.
Allegro Group, operator of Poland’s largest marketplace Allegro.pl, launched Android Pay as a new payment gateway in the latest version of its Android app.
South Africa's competitive auto vertical just got more competitive. PriceCheck, the leading price comparison site for (mostly) new goods in South Africa, relaunched its auto category in a way which makes it a real competitor for the established contenders in the auto vertical, such as Autotrader.co.za and Gumtree Autos.
Allegro Group, operator of Poland’s largest marketplace Allegro.pl, plans to replace Naspers’ PayU payment system with its own system, developed in cooperation with an external financial partner.
Emilie Choi (38) has been appointed as an independent, non-executive director of Naspers with effect from April 21, the company announced.