Tag: naspers


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 ...


After 6 years, OLX Pakistan starts monetizing

After 6 years, OLX Pakistan starts monetizing

In Pakistan, Naspers-owned OLX today announced it will start monetizing in April, when revenue-generating products will be rolled out. OLX has been operating in Pakistan for close on six years.


FILE PHOTO: A logo of Dubai's Emaar Properties is seen at an under-construction building in Dubai, UAE March 3, 2016. REUTERS/Ahmed Jadallah/File Photo

Update: Souq goes to Amazon, and that’s final

The deal to sell Souq.com, the Dubai-based online shopping market, took an interesting turn this week when Emaar Malls, the shopping-center arm of property developer Emaar, made an $800-million U.S. offer to buy Souq a few days after Amazon had agreed in principal to purchase it for around $650 million U.S., according to a Reuters report.



Revenue, profit jump at Tencent (yet again)

The internet and e-commerce giant Tencent Holdings Ltd., China’s largest internet company by market cap, yesterday reported its financial results for the FY2016. Tencent operates the massively popular Tencent QQ and Weixin platforms in China, and took Xianbei, its own stuff marketplace, live in mid-2016. Naspers holds 34 percent of Tencent.


Zameen.com adds 3-D walkthroughs to listings

Zameen.com adds 3-D walkthroughs to listings

Zameen.com, leading online property site in Pakistan, recently added a 3-D walkthrough feature to its mobile app to give the home seeker a better feel for the home, before he spends time and effort to visit it. The virtual reality (VR) technology used by Zameen, is unique in the country’s vertical and horizontal classifieds industry.


Amazon and owners of Souq.com talking again?

Amazon and owners of Souq.com talking again?

Amazon resumed talks to acquire UAE-based online marketplace Souq.com after the owners of Souq had trimmed their expectations of what they can get for Souq. The parties are now negotiating around the level of $650 million U.S., Bloomberg reported, citing sources familiar with the matter.



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