Naspers subsidiary Prosus has reported its consumer platforms as profitable across all regions for the first time.
Browsing: OLX
Prosus plans to sell more than $2-billion in non-strategic and underperforming assets this financial year.
The three-year global partnership agreement will scale the use of AI across Prosus portfolio companies.
Online marketplace OLX will buy French motors classified platform La Centrale for €1.1-billion.
Prosus expects adjusted profit at its e-commerce business to exceed its guidance and reach $435-million this fiscal year.
Naspers subsidiary Prosus plans more listings after last month’s Indian initial public offering of Swiggy.
Naspers and Prosus companies such as iFood and OLX are sharing AI expertise for business growth.
PlusOne, the Naspers-owned generative AI tool that acts as an aggregator of several third-party AI models.
Naspers has closed its OLX in South Africa, saying the move was done so it can focus its customer proposition fully on its property and motor vehicle platforms.
JSE-listed Transaction Capital said on Wednesday that it is in talks to increase its stake in WeBuyCars to 74.9%, a move that will give it control over the South African online car marketplace.