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Leading Indian online travel company ibibo attracts another US$250m investment from Naspers

Feb 23 2016 by Elena Duovski

Ibibo Group, the Indian online travel venture backed by global internet and media company Naspers (JSE: NPN.SJ and LSE: NPSN), as well as China’s leading internet firm Tencent (HK: HK700), today announced that Naspers will be investing another US$250m in the group. The investment will be... Read more


PayU invests $3.7mn in ZestMoney

Feb 02 2016

Acquiring 20% minority stake in ZestMoney, a technology platform that enables Indian consumers to access digital credit products, provided by regulated banks and NBFCs, is part of the larger vision of PayU’s strategy in India.   New Delhi, 2 February 2016 : PayU, the global FinTech... Read more


Naspers appoints former PayPal Europe VP Laurent Le Moal as PayU CEO

Jan 18 2016 by Elena Duovski

London, 18 January, 2016:  PayU, one of the world’s largest Payment Services Platforms, today announces the appointment of Laurent Le Moal as its new global CEO.  PayU has operations in 16 countries and is part of the leading global media and Internet group, Naspers. In his role as PayU CEO... Read more


Naspers interim results release 1HFY16

Nov 27 2015

Revenues as measured on an economic interest basis, including the proportionate contribution from associates and joint ventures, increased 24% year on year (YoY) to R74,3bn (US$5,9bn). Organic growth, which excludes the impact of acquisitions and disposals and currency movements, was 20... Read more


Naspers trading statement

Nov 19 2015

We expect core headline earnings per share to be between 37% (2 093 cents) and 42% (2 170 cents) higher than the comparable period’s 1 528 cents. Shareholders are reminded that the board considers core headline earnings an appropriate indicator of the sustainable operating performance of the... Read more


Naspers sells its stake in Netretail

Oct 26 2015

For Naspers, the transaction forms part of an ongoing strategy to optimise its group structure. Naspers acquired Netretail (a Czech-based online retailer) and eMAG (the Romanian based internet retailer) in 2012, with a plan to merge the two assets and create a leading ecommerce platform across... Read more


Naspers steps up investment in Avito

Oct 23 2015

South African-based global internet and media company, Naspers Limited (JSE: NPN.SJ and LSE: NPSN) , today announced a US$1.2bn transaction to become the largest shareholder in Avito, the leading online classifieds platform in Russia. Naspers is buying shares from existing shareholders to... Read more

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