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All posts tagged "Naspers"

  • Weekly Round Up #31: Alphabet, Bic’s fail, Naspers’ Netflix, M4JAM buys Pondering Panda

    Welcome to Weekly Roundup, our podcast discussing the tech trends, innovation and news from the last few days. This week on BurnCast, Stuart Thomas, Jacques Coetzee and Graham Van Der Made discuss Google's new parent company Alphabet, Bic SA's Women's Day fail, Naspers' attempt at opening a Netflix competition, and M4JAM acquisition of digital market research company Pondering Panda. This week started with a bang as Google announced that it was starting a parent company called Alphabet. The news caught the world unawares and as a result a lot of confusion ensued. Some people thought Google had changed its name but...

  • Here’s why you shouldn’t treat Naspers’ numbers as evidence of a tech bubble

    One of the most followed stories and right in the heart of the debate around tech bubbles and valuations (especially in the emerging markets space) is Naspers. The numbers it reported this morning are unlikely to change that, although the probably should. There are many segments of the market that have been telling everyone else, with a lot of energy, that you should not buy Naspers and that it is completely overvalued. From an earnings point of view, that is the case, BUT when you have a combination thereof (what the TenCent stake is worth) and what the earnings...

  • Life after Koos Bekker: where to next for Naspers?

    There’s a quote from outgoing Naspers chief executive Koos Bekker buried right at the end of Sunday’s City Press article that tells you an awful lot about the man. In a note to staff, (as the newspaper points out) his humility is stark: “We screwed up frequently, but we had a great deal of fun and I couldn’t imagine another job that would have fitted my limited talents better, that would have given me more pleasure.” Bekker is acutely aware of his limitations. Perhaps that’s why he’s decided to step down now? But it hasn’t been the smoothest and most...

  • Naspers’ Bekker steps down as company shifts ecommerce strategy

    Naspers CEO Koos Bekker is stepping down, the emerging markets media and internet giant today revealed. In an official press release posted to the company's website, Naspers says that Bekker will step down from the Naspers board for a year before taking over from Ton Vosloo as chairman in 2015. Bekker, who is largely responsible for turning Naspers from an exclusively print and broadcast player into an emerging markets internet powerhouse, will be replaced by Bob van Dijk. Currently Naspers' most senior ecommerce head, his appointment reflects the increasingly important role ecommerce is playing at the company. Van Dijk,...

  • Tencent slide sees Naspers stock take 7% hit

    Media and technology giant Naspers' stocks fell sharply today on the back Chinese internet company Tencent taking a beating on the Hong Kong Stock Exchange. The South Africa-based company saw its stocks fall over seven percent following a five percent slide from Tencent earlier in the day. It seems as if the Tencent fall is largely down to a fall in investor confidence on the Hong Kong Stock Exchange as a whole. That lack of confidence may have been spurred by the banning of a number of US accounting companies from operating in China. The ban came about...

  • 6 big numbers to come out of Naspers’ latest set of results

    Over the past decade or so, Naspers has gone from being a reasonably large media and publishing outfit to being an emerging markets internet colossus with major investments Brazil, Russia, China and India, among others. That move into the internet and technology sector, as well as its aggressive offshore expansion, has been massively important for the company. The changes, largely driven by CEO Koos Bekker, mean that Naspers has been able to ride positive market sentiment to a market cap of around R400-billion (US$39-billion) based on a share price that's hovered around the R1 000 mark in recent times....

  • Tencent throws a bone to international users with 10TB worth of free storage

    You might recall Chinese internet giant Tencent giving its domestic users 10TB worth of free storage back in August. It was a big deal at the time, not least because it dwarfed the 1TB of free cloud storage its competitors were offering. Now, it looks like Tencent, part owned by emerging markets internet and media giant Naspers, is extending the offer to its international users. According to US tech news site PandoDaily, an English-language version of the service will roll out early next year. As with the Chinese version of the service, in order to access your 10TB, you'll have to...

  • A snapshot of South Africa’s digital landscape [Infographic]

    Here at Burn Media we are big on understanding ecosystems. If you are new to the digital space, it's easy to get lost in the massive number of companies out there. Tech and digital is a big deal these days and we understand this. There are power house companies in this digital/tech ecosystem. Companies that compete and rival international counterparts. Take Naspers; it is a formidable internet company with overseas investments and stakes in companies such as Facebook through its Mail.ru investment. Naspers' aggressive investments have led it to become an US$18-billion emerging market internet superpower. South Africa's digital landscape...

  • Mobile ad network BuzzCity moves into the online space

    BuzzCity, the global mobile advertising network, is set to move into the online advertising space. The move, the company says in a press release, is in response to demand from media buyers and advertisers, as well as a "growing consumer appetite for cross-device surfing". "BuzzCity has decided to take this strategic direction as a result of the close working relationships it has with its advertisers and media buyer/planning agencies," it adds. The Singapore-based company claims that new offering will have multiple benefits for this audience, including: enabling online advertisers to easily migrate to mobile making digital media planning and buying simpler --...

  • Moneyweb set to do legal battle with Fin 24 over plagiarism allegations

    South African financial site Moneyweb is taking Fin 24, part of Nasper's 24.com stable, to court over alleged plagiarism, copyright infringement and unfair competition. In a post put up on Moneyweb today, managing editor Ryk van Niekerk alleges that a series of Moneyweb articles were lifted "either fully or partially, and published unlawfully" on Fin 24. Based on those allegations, the site says that it has launched an application in the Gauteng South High Court against Fin 24 for "alleged plagiarism, copyright infringement and unfair competition". The application, which is believed to be the first of its kind in the country, and...

  • Internet properties bump Naspers profit up 23%

    Emerging markets media and internet giant Naspers saw its profit jump 23% on the back of seriously strong internet sales. The Cape Town-based company posted adjusted net income of R8.5-billion rand (US$848-million), through the 12 months leading up to March 2013 and beating out investor estimates. While the group's pay TV revenue was still strong -- it reported revenue growth of 20% to R30.3-billion, over a million new subscribers and 18% growth in trading profit to R7.6-billion -- the real winner was its internet portfolio, despite investing heavily in new properties throughout the year. Internet revenues...

  • DStv and MWEB team up to offer movie downloads, free data

    Paid digital satellite TV service DStv is teaming up with internet service provider MWEB to give its subscribers 6GB of ADSL data as well as one free movie download. The movies will come from the satellite TV provider's Box Office offering, which gives people access to major Hollywood films fresh off the circuit directly to their PC or Mac for a set monthly fee. Movies are available for streaming or to download. The partnership between the two makes a fair amount of sense. They are both, after all, owned by emerging markets internet and media giant Naspers. It also signals...

  • Tencent’s WeChat looking to enter South African market with a bang

    This is potentially very big. Chinese internet giant Tencent is looking to take its massively successful instant messaging service WeChat to South Africa, where it will take on the likes of Mxit, Africa's largest mobile social network. WeChat has seen phenomenal growth in recent times. Last week, Tencent revealed that the company has passed the 300-million user mark, with the last 100-million having joined in the past three months. Much of that growth has been outside of China, with the service finding particular favour in other Asian markets. Now though, it looks like Tencent has its eyes set further...

  • Naspers shutters Indian online classifieds in OLX consolidation move

    Naspers has dumped its Indian classifieds platform TradusAds in favour of the internationally renowned OLX, the world’s largest free classified site with over 130 million unique visitors per month. The move appears to be part of an effort on the part of the emerging markets internet and media giant to consolidate its online classified properties. In the latter part of 2012, it scuppered its South African Kalahari classifieds property. According to Indian...

  • OLX launches iPad app

    Online classified sites are big business these days. There's a reason have been accused of killing the newspaper industry. Now one of the biggest of them all is making a new play in the app world. Global classifieds giant OLX has launched a free iPad app, which it claims is a first for the South African market. According to Simon Berger-Perrin, Vice President of Mobile at OLX, the app offers classifieds for...