Total 11 Posts

Naspers Invests $775 Million More Into Delivery Hero

South Africa's Naspers has invested a further $775 Million More Into Delivery Hero, an online food and delivery marketplace. This increases Naspers' stake in the company to 23,6% after it initially invested $421 million into the company in May 2017. The investment sees Naspers buying the shares from Rocket

Naspers Wants To Acquire AutoTrader

Naspers wants to acquire car classifieds company, AutoTrader. This is based on an application filed by Naspers with South Africa's Competition Comission. AutoTrader turned 25 this year, and recently ended the publication of its print magazine. AutoTrader used to have a print magazine which it eventually stopped publishing earlier in

Tencent Launch JOOX In South Africa After The Music Streaming Service's Popularity In Some Asian Countries

Tencent, the Chinese technology holdings company in which South Africa's Naspers holds a significant shareholding, is introducing it's music streaming service Joox in South Africa. This is after Joox has proved popular in Asia for a couple of years in countries such as Hong Kong, Thailand, Malaysia and Indonesia. The

Naspers Reports Positive Financial Results Thanks Mostly To Tencent

Naspers announced positive financial results for the 2017 financial year ending March 2017. One of the highlighlts is that the company's revenue grew by 19% year-on-year to $14,6 billion. Notably, Naspers businesses outside of South Africa contributed 80% of revenues. This contribution has increased year-on-year because for the 2016