E-commerce contributes lion’s share of Naspers revenue
The group’s ballooning e-commerce portfolio continues to shine, with this segment’s revenue growing 56% to $10.7 billion in fiscal 2022.
Naspers expects full-year earnings dip
Despite global turmoil and uncertainty, financial year 2022 was a year of progress for Naspers, it says.
Prosus to exit shareholding in Russian ads business
The Naspers unit seeks a buyer for its shares in Avito, one of the most popular classifieds sites in Russia.
Prosus to write down R10.7bn stake in Russia’s VK Group
The Naspers unit expects to write down the full carrying value of its VK asset of approximately $700 million.
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 propels M&A activity in Sub-Saharan Africa
Boosted by the $44.1 billion Naspers-Prosus share swap, the value of M&A transactions in the region reached $78.3 billion during the first nine months of 2021.
Prosus bids $4.7bn for Indian fintech firm BillDesk
The proposed PayU deal will create a financial ecosystem handling four billion transactions annually.
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.
Prosus nabs another edutech firm in R35bn deal
The GoodHabitz acquisition provides enterprise clients with cost-effective soft skills, such as leadership and management, and digital learning content.
Prosus swoops on Stack Overflow in R24bn deal
The global technology investor enters into a definitive agreement to acquire the knowledge-sharing platform for developers and technologists.
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.