More SA firms to explore the metaverse in 2022
The ongoing metaverse and NFT hype will draw the interest of local companies as they explore immersive tech to increase profit margins and improve operations.
Tencent, CDC acquire R1.1bn stake in TymeBank
The capital raised will fund and grow TymeBank in SA and also fund GOTyme in the Philippines, where it has secured a digital bank licence.
Naspers sees bumper e-commerce revenue
E-commerce revenue grew 52% to $4.6 billion, versus a strong performance for the same period last year, outpacing revenue growth at Tencent last year.
Naspers addresses anti-competitive practice concerns
The global internet group, which owns Takealot, says it will ensure its online businesses fully comply with SA’s Competition Act.
Naspers’s e-commerce revenue outpaces Tencent
The company posts blowout e-commerce revenue growth of 55% for the year, outperforming the Chinese Internet giant, which posted 28% revenue growth.
Naspers unit Prosus to sell 2% Tencent stake
The company intends to use the proceeds of the sale to increase its financial flexibility to invest in growth, plus for general corporate purposes.
NYSE flip-flops on delisting three Chinese telcos
The New York Stock Exchange has made another about-turn on its decision.
E-commerce, food delivery services bolster Naspers revenue
Naspers’s food delivery businesses nearly doubled revenue growth, while e-commerce revenue grew 69%, boosted by Tencent and Takealot Group.
Digital platforms are the new disruptor
A brief guide to leveraging networks for business, by Terry White, executive consultant at Netsurit.
US steps up efforts to purge Chinese tech companies
Secretary of state Mike Pompeo extends Washington’s 5G “Clean Path” programme to encompass carriers, app stores, cloud computing and subsea cables.
COVID-19 eats into Naspers’s earnings
While the global pandemic has negatively impacted some operations, all key e-commerce segments made good progress, says the company.