Naspers recorded 38% e-commerce revenue growth in HY 2023
South African multinational internet company Naspers increased its e-commerce revenues as shown in its released HY 2023 financial result, despite the significant foreign currency headwinds in emerging markets and a lower contribution from Tencent as it accelerated its efforts towards profitable growth.
The internet company recorded revenue growth across its core segments – driven by continued investment in adjacent growth opportunities: autos transactions in Classifieds, a broader on-demand grocery delivery ecosystem in iFood, credit in Payments and Fintech, and the expansion of its Edtech segment (its acquisition of Stackoverflow).
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