Tag: naspers


Naspers aims to conquer Africa with mobile price comparison model

Naspers aims to conquer Africa with mobile price comparison model

After switching horses in mid-race in Kenya and Nigeria in July (general classifieds portal Dealfish was discarded for OLX), Naspers now announced it was saddling another horse, which it'll send into a different race in Nigeria in November. (More about the switch to OLX to follow soon - Naspers is working on a response to our questions.) According to a senior manager at MIH Internet Africa, a s


People moves in Europe and Africa

People moves in Europe and Africa

Hamburg-based business network Xing appointed Timm Richter (42) to its executive board with the title of chief product officer (CPO). Richter currently is CEO of TravelTainment (started there in Dec. 2010) and will take up his duties in the newly-created position on the XING executive board as soon as possible, but not later than Mar. 1, 2013, the company said. Richter will “ensure Xing keeps u


Swiss Ricardo.ch AG replaces CEO

Swiss Ricardo.ch AG replaces CEO

The operator of the biggest Swiss online marketplace, Ricardo.ch AG, has appointed Christian Kunz as new CEO from October 2012 on, to replace Heiner Kroke, who is leaving the company after four years as head of the company. As Heiner Kroke, the new CEO Christian Kunz has been connected to competitor Ebay, were he had responsible in different manager positions for the global marketing of the auc



Leading South African property portal for sale

IOLProperty.co.za, one of South Africa's top 3 real estate portals, may be up for sale. According to Financial Times (FT), Ireland's Independent News & Media (INM) considers selling its entire South African business, including IOLProperty, to reduce debt. Apart from IOLProperty, the profitable South African business owns


E-commerce: Naspers’ new match-winner

E-commerce: Naspers’ new match-winner

Cape Town-based multimedia company Naspers released its financial results for the year to 31 March 2012 (FY2012) yesterday. The results were eagerly awaited. A few years of impressive e-commerce performances had labelled Naspers a company which knows what it does when it comes to e-commerce. Did Naspers deserve the reputation? Or were recent performances just flashes in the pan? As it turned


Naspers merges TradusAds with OLX in India

Naspers merges TradusAds with OLX in India

By Christo Volschenk South African-based media group Naspers has taken another step to bring order to its wayward portfolio of free small ad platforms. This time the Indian portal TradusAds.in bent the knee before a triumphant OLX.in. At the end of last year Naspers stopped KalahariAds.net and OLX.co.za from competing ag



Ringier Axel Springer Media buys control of Poland’s biggest portal

By Christo Volschenk Ringier Axel Springer Media, the joint-venture of Swiss media group Ringier and German media group Axel Springer operating in Eastern Europe, acquired 75 percent of Onet.pl, Poland's biggest news, entertainment and e-commerce portal, from Polish media company TVN S.A. for €217 million ($282 million U.S.), the company said in a statement today (

Naspers consolidates classified brands in Eastern Europe

Naspers consolidates classified brands in Eastern Europe

By Christo Volschenk Last week Amsterdam-based MIH Internet Europe said it was restructuring its east-european subsidiary Allegro Group and will communicate with the investing public once the new structure is in place. We found it hard to wait. So, we snooped around the labyrinth of classified platforms run by Allegro in Eastern Europe and uncovered a few interesting moves involv



Allegro Group restructures from top down

By Christo Volschenk Poland-based Allegro Group, a subsidiary of MIH Internet Europe, which is in turn a subsidiary of South Africa-born media group Naspers, is in the midst of a restructuring process, which recently saw Allegro CEO Grzegorz Wójcik being moved to the position of head of corporate relations at MIH Internet Europe and Hein Pretorius, Amsterdam-based CEO of MIH Inter



Market share battle looms in Poland

By Christo Volschenk Ringier Axel Springer, the joint-venture of media groups Axel Springer and Ringier, confirmed today (here in German) that it is negotiating to acquire a majority stake in Onet.pl, Poland’s most-visited news, entertainment and e



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