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South Africa’s Naspers looks to acquire more e-commerce businesses

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Naspers CEO Bob Van Dijk told South Africa's Fin24 in an interview, that after the company posted its increased revenue and headline earnings in its latest results, Naspers intends to continue to scour for more investments in e-commerce providers.

Naspers announced that its core headline earnings grew by 72% to R33.6bn ($2.5bn) as the company released its financial results for the year.

Revenues, measured on an economic interest basis increased by 38% year-on-year (y/y) to R270bn ($20.1bn).

In recent years Naspers has benefitted greatly from investments in e-commerce businesses around the world, particularly China’s Tencent.

During a recent investor day seminar, Van Dijk stated, “We see many exciting opportunities in our core sections. Classifieds have valuable models for customers. We are looking to do more of that in different parts of the world.”

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