Browsing: Naspers

News
E-retailers Superbalist, Spree to merge

Media24 and Takealot will merge their online fashion stores Spree and Superbalist to create a new platform for the sale of fashion goods on the Internet. The new venture will be held 51% by Media24, Spree’s current

World
Tencent is no longer a sure bet

Traders in China are unwinding positions in Tencent Holdings faster than ever, turning to other targets amid a lack of reasons to push Asia’s biggest stock any higher. Mainland investors sold a net $81m

News
Tencent, Naspers shares leap higher

Tencent Holdings surged after delivering record profit that topped analyst estimates, calming investors who’d braced for a big hit to margins. The stock climbed as much as 7.1% in Hong Kong, its biggest

News
R28bn Naspers bonanza as Walmart buys Flipkart

Africa’s largest company just chalked up another major investment coup. Naspers has netted a cool US$1.6bn profit from the sale of its 11% stake in Indian e-commerce startup Flipkart, a deal almost as lucrative

In-depth
Naspers and Tesla: invest or ignore?

On the surface, locally listed media and Internet behemoth Naspers doesn’t have much in common with US electric vehicle producer Tesla. But scratch below the surface and the companies have more in common

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