South Africa's Naspers betting on e-commerce growth in emerging & frontier markets

South Africa‘s biggest company by value, media giant Naspers, said on Tuesday it still sees room for expansion in its e-commerce business even after strong growth last year.

The firm concluded a deal with classified advertising publisher Schibsted in November to extend its e-commerce reach into more markets, and will continue investing heavily in businesses that dovetail the migration from desktops to mobile devices, CEO Bob van Dijk said in a conference call.

Naspers, which operates web based marketplaces such as OLX, Eastern Europe’s Allegro, India’s Flipcart and Souq in the Middle East, grew revenue by 17 percent in the year to end-March as its e-commerce business climbed 36 percent.

Read more: South Africa’s Naspers betting on e-commerce to expand growth | Reuters