News Formal

Naspers’s big bet classifieds business turns the corner

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Россия Новости Новости

Turn to internet-based business yields a profit, but Naspers would be deep in the red without its stake in China’s Tencent

Naspers’s classifieds business — its big bet on the future — turned profitable for the first time, the company said on Friday as it reported its maiden set of results since unbundling MultiChoice.

But the results are still dominated by Chinese technology group Tencent in which Naspers holds a 31% stake. Without Tencent’s contribution of $3.9bn to trading profit, Naspers would be deep in the red. Naspers now has a portfolio of e-commerce investments, which includes classifieds, online retail, food delivery and online payments.

“It is a very sizeable market and we think it will be able to carry more than one player,” said Sgourdos. But it is still early days, he added.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 12. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Naspers continues to climb with positive earningsNaspers has transformed itself from an Africa-focused media and television provider through the investment in Tencent. Surely this is a good buy right now?
Источник: eNCA - 🏆 49. / 51 Прочитайте больше »