Prosus reported a first-half profit as the tech investor sold stakes in online businesses in China and South Africa.
Browsing: Naspers
Naspers said Takealot Group is feeling pressure from new competitors in the local market, including Amazon and Temu.
Durban has a sprawling new Takealot distribution centre located in the Brickworks Industrial Park.
Naspers and Prosus companies such as iFood and OLX are sharing AI expertise for business growth.
Technology investor Prosus hopes to list Indian digital payments and lending firm PayU next year.
Prosus and Naspers have invested $1.3-billion building a 31% stake in Swiggy ahead of its listing on Wednesday.
A brief Q&A with Naspers CEO Fabricio Bloisi on India, AI, lessons from Elon Musk and why Europe risks getting left behind.
Naspers-owned Prosus plans to invest in artificial intelligence across its businesses, CEO Fabricio Bloisi said.
It is critical that e-commerce becomes a bigger source of profitability for Prosus, group CEO Fabricio Bloisi said.
South African stocks are having their strongest third quarter for 11 years, and investors see the gains extending.