Naspers classifieds grew 47% in the last year
OLX Group, the classifieds business of South African media giant Naspers, grew strongly for the year ending March, and is profitable and cash generating.
Tag: naspers
Naspers in talks with Carousell
Carousell is reportedly in talks with Naspers for a potential fund-raising amount, according to an article by TechCrunch. The South African media and e-commerce conglomerate previously invested in OLX, which is also present in Southeast Asia.
OLX Group stops exporting listings to Allegro.pl
In Poland, OLX Group’s auto site Otomoto.pl and real estate site Otodom.pl will stop exporting listings to the Allegro.pl marketplace from July 1.
OLX Pakistan, CarFirst join forces
Horizontal OLX Pakistan and used-car marketplace CarFirst have partnered to roll out a multitude of new auto trading services for their users as part of Naspers’ recent $89 million U.S. investment in the latter's parent company Frontier Car Group (FCG).
Frontier Car Group heads to SA
Frontier Car Group (FCG), which recently saw an R1.1 billion ($89 million U.S.) investment from classifieds giant Naspers, is planning to launch its used-auto marketplace in South Africa soon.
Naspers invests $89 million in FCG
South African media conglomerate Naspers announced today its classifieds business OLX Group has invested $89 million U.S. in Frontier Car Group (FCG) --- a startup that operates used auto marketplaces in developing countries --- based on a value of around $270 million U.S.
OLX Pakistan appoints digital sales manager
Naspers-owned OLX Pakistan has appointed Mirza Zaki Baig to spearhead its newly-launched digital sales department. In his new role as digital sales manager, Baig is tasked with selling advertising space on the marketplace.
Konga and Yudala combine forces
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.
Amazon readies shipments in Brazil
Amazon is reportedly negotiating shipments in Brazil through local airlines Azul. Will Amazon finally launch in Brazil?
OLX.pl restructures its job category, changes fees
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.