🔒 FT: PDD – The mysterious Chinese e-commerce giant behind Temu
In the fast-paced world of e-commerce, a mysterious player has emerged, captivating Wall Street with its meteoric rise and enigmatic operations.
e – commerce
Naspers posts strong financial performance and progresses on strategy
The year ended 31 March 2021 was an extraordinary period. Despite challenges, Naspers has delivered strong results across its portfolio.
Flash Briefing: Covid-19 turbocharges SA e-commerce; Most SAs want Covid jab – survey; Naspers-Tencent; oil; inflation
The total growth for online retail in South Africa in 2020 came to 66%, bringing the total to R30.2bn, reports MyBroadband.co.za.
Takealot: Giant crushing smaller ‘etail’ businesses? Competitors weigh in
As the every day shopping experience moves online, e-commerce players are asking the Competition Commission to look closely at Takealot.
SA e-commerce growth drives demand for logistics spaces: Equites Property Fund
In SA, retail-driven e-commerce growth, and the pressure of fast moving consumer goods supply chain requirements have sustained demand for logistics spaces.
🔒 Shopify cashes in on pandemic, emerges as stock market winner
The Covid-19 pandemic has forced many small businesses to finally open online stores and turned Shopify into one of the biggest winners of the retail shakeout.
Naspers leads $125m fundraise for Meesho
Meesho, an online marketplace that is revolutionising e-commerce for Indian entrepreneurs and consumers, announced today the closing of a $125m fundraise led by Naspers.
🔒 Africa’s $1bn unicorn Jumia does an Amazon in New York
An e-commerce business called Jumia has proven that Africa is not only the continent of the Big Five animals but also one that can grow unicorns.
India, like SA, can be trigger-happy on red-tape. Just ask Amazon.
Just like SA, India also has an election this year. And the politicians are putting in place some dramatic regulations to try shore up their voter base.
Was Naspers right to sell out of Flipkart? Ask founder of $100bn Vision Fund
So what has this to do with the Naspers decision to cash in its Flipkart stake? Well, the only other major investor to sell out was SoftBank.