Naspers Limited Overview
Company Headquarter: South Africa
Founded: 1915
Workforce: ~24,400
Company Working: Naspers Limited is a multinational media company that engages in the provision of platform, print media, Internet services, technology products, and book publishing. The company through its subsidiaries, joint ventures, and associated companies, is engaged in the operation of the Internet and instant messaging subscriber platforms, and e-commerce platforms. It operates through the following business segments: Internet, video entertainment, media, and corporate services. The Internet segment offers a range of services through e-commerce platforms, including consumer-to-consumer (C2C), business-to-consumer (B2C), payments, and Naspers ventures.
The company offers payment services for goods and services bought online under the PayU brand. PayU is the FinTech and e-payments division of Naspers, a global Internet and entertainment group and one of the largest technology investors in the world. Its products include a digital consumer wallet, a payment card industry data security standard (PCI DSS) certified payment gateway, anti-fraud systems, and an online Visa/MasterCard acquirer. The company has investments in Tencent, an Internet service platform based in China and Mail.ru Group, a Russia based Internet company. The main brands include Flipkart Pvt Ltd., TATA Housing Development Company Limited, Konga.com, Allegro.pl, Buscape, PriceCheck, Heureka, PayU S.A., ibibogroup, and Movile among others.
Strategy
· As a part of their growth strategy, Naspers follows organic as well as inorganic approach. Naspers invests a major share of its income in research and development to stay competitive in the market
· Moreover, as a part of its inorganic strategy, Naspers focuses on mergers and acquisitions to strengthen its product portfolio to expand their customer base globally
