The FY2016 results report of Schibsted Media Group (here) lifted the lid over the performance of the joint ventures (JVs) operated with Naspers for the first time. The report was released yesterday. The numbers confirmed the project (JVs and associates) was moving towards breakeven.
Izloo.com.pk has been lurking inconspicuously somewhere in a corner of the Pakistani market for the past three years. Now it relaunched the website with listing packages, and feature and display ads to attract visitors.
As OLX Brazil, the country’s No. 1 horizontal site owned by Naspers and Schibsted, advances its monetization efforts, the auto category is turning into a key part of the company’s business.
After adding image-recognition technology to its mobile app for Android devices on Sept. 27 last year (our report here), horizontal classifieds site OLX in India now also updated its app for Windows 10, at the same time giving it a fresh face.
At the start of the week, Naspers CEO Bob van Dijk (44) was interviewed by CNBCAfrica at the annual meeting of the World Economic Forum in Davos. Now, at the end of the week, Van Dijk gave another interview.
“We will get our goods and services in Pakistan for sure,” EBay CEO Devin Wenig, said at a Facebook Live session of the World Economic Forum annual meeting, currently underway in Davos, Switzerland.
U.S. online retail giant Amazon.com quit negotiations to acquire UAE-based online marketplace Souq.com for a speculated $1 billion U.S., reported Bloomberg. AIM Group tried unsuccessfully to get confirmation of the report from Souq.com, and on the way forward for the marketplace.
CNBCAfrica.com interviewed Bob van Dijk, CEO of Naspers, in Davos, where he is attending the annual World Economic Forum meeting this week. He had a few interesting views on articifial intelligence (AI), smartphone penetration in Africa, Russia and India and the Naspers strategy with LetGo in the U.S..
Amazon.com has started testing classified advertising in Bengaluru, India, in a "global Amazon initiative" that is expected to expand to other markets if it is successful.
General classified app LetGo just leapfrogged over its main U.S. rival OfferUp with a new financing round of $175 million U.S..