What does the US food delivery shakeup mean for Naspers?

Through Prosus, Naspers is a major player in the world of global food delivery, but the long-term future of the business is anything but clear.
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Naspers, through its global Prosus arm, is a major player in the world of global food delivery. The company has made some sizeable bets on the long-term profitability of the industry, joining other venture capitalists pouring cash into the sector. Yet the long-term future of food delivery is anything but clear. In this podcast, which features content from The Wall Street Journal Tech News Briefing podcast, I explore the industry and some of the unanswered questions about its long-term prospects. I also take a look at recent developments in the US food delivery market, which acts as a bellwether for the global industry to get a sense of what the future may look like for some of Naspers' big bets. – Felicity Duncan

Food delivery has attracted billions of dollars in venture capital in the last two or three years. Investors are piling in – attracted by the promise of monopoly profits once the current period of intense competition dies down. But there are a lot of unanswered questions about the business. No one really knows how profitable it will be, or whether the strategy food delivery companies are pursuing – grabbing market share in hopes of establishing geographic monopolies – is going to be viable long-term.

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