Leading Nigeria-based online marketplace Konga and Yudala have officially announced a merger of their companies effective May 1, 2018. The latter is an e-commerce company with a growing network of physical retail stores. It’s owned by Konga’s new owner Zinox Group. At a weekend event to announce the merger, management of both companies said the resulting entity will operate under the Konga brand name. Chairman Olusiji Ijogun...
Read More
Amazon is reportedly negotiating shipments to Brazil through local airline Azul, Reuters said (article in Portuguese). The company announced in mid-April that Brazilian buyers could browse and shop over 45 million items, which would be shipped directly to Brazil from the U.S. The announcement — and then the claims it was teaming up to provide logistics to ship products to Brazilian consumers — have reinforced the...
Read More
In Poland, Naspers’ OLX.pl has restructured its job section and categorized all job listings into three groups. The site has also introduced new fees and packages for jobs listings. The first group includes the following jobs: cashier/salesman, working abroad, warehouse jobs, franchise/own company, production, office administration, IT/telecommunications, sales representative, and customer service/call center agents. The jobs in the second group are listed as hotel, construction/renovation,...
Read More
Rumors are rife that former OLX India CEO Amarjit Singh Batra is likely to head music streaming giant Spotify's expansion plans for India.
Two top classified companies in Pakistan, Naspers-owned OLX and PakWheels.com, are involved in a legal battle. OLX has accused PakWheels of …
Naspers’ OLX Group has launched Tradus.com, a site for heavy vehicles and machinery, in Poland.
Naspers-owned OLX Pakistan has started earning revenue for ad space on the site with the launch of a digital sales department, exactly one year after the country’s leading horizontal began revenue generation. “We will now be officially approaching all the media buying agencies locally to provide them with our advertising platform,” Ammar Hassan (LinkedIn profile), head of customer operations at OLX Pakistan told the AIM Group....
Read More
The OLX Group, a Naspers-owned online classifieds operator that’s active in around 40 countries, sees big possibilities for chat in classifieds and is building out its in-platform chat capabilities.
The Supreme Administrative Court of Lithuania has upheld an appeal decision made by the country’s Competition Council (KT); relating to Eesti Meedia‘s purchase of Naspers‘ Allegro Baltics. The Supreme Administrative Court also annulled a previous ruling made by the Vilnius Regional Administrative Court; which asked the KT to reconsider its decision after blocking the deal. Essentially, this means the Supreme Administrative Court of Lithuania has reverted the case...
Read More
Today, South African media giant Naspers announced it will sell $10.6 billion U.S. of shares in Tencent Holdings Limited, the Chinese tech conglomerate, and Asia’s most valuable company; in order to fund other investments. The sell-off, amounting to 190 million shares, will reduce its stake from 33.2 percent to 31.2 percent. “The funds will be used to reinforce Naspers’ balance sheet and will be invested...
Read More
