The media juggernaut that is Naspers is already on the verge of global domination – with some big plans in the works.
The company has become known for investing in the right developing markets, and the company is looking to throw it’s nets even wider in the coming years, according to Naspers CEO Bob van Dijk (not pictured above).
China is the largest internet market in the world, ahead of the US, ahead of everyone else by far. And as a company that’s focused on the internet, exposure to China is not a risk but a phenomenal opportunity.
Russia is a similar story… very large population, internet penetration usage growing and we believe in it (the market).
This doesn’t mean we exclude other markets. In the developed markets we will look at the right opportunities, but the reality is the opportunity in e-commerce and internet in emerging markets is really, really strong. And we believe that we have certain operating experience in these emerging markets.
The CEO does assure that South Africa and the greater African markets are still a huge focus for the company, with the real potential still to be embraced.
We know the e-tail model very well and have invested significantly in Kalahari.com. We believe we are in a position to compete very well in the local market and as illustrated by the competition, there is great growth potential in SA.
Check out the full story on Nasper’s developments on Fin24.
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