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Naspers takes full control of Russian classifieds site Avito in $B deal – TechCrunch
South African internet conglomerate Naspers is What do Linkoping men like known for backing Chinese tech giant Tencent, but it also operates a vast network Russian classifieds Jakobsberg online classifieds businesses.
It currently has close to 47 million listings covering categories that include goods, auto, real estate, jobs and services. While classifieds may sound like a very retro corner of e-commerce, it remains a growing business just ask Facebookwhich has been growing its own marketplace and Russian classifieds Jakobsberg it increasing exposure across its own network.
Particularly in emerging and developing markets, leading local players continue to find traction. In the last six months ending September 30, Avito generated sales of In Russia specifically, the market has a lot of potential in e-commerce — the country has very high internet and smartphone penetration, with Russian classifieds Jakobsberg large population — but it lags behind the U.
Analysts have highlighted how one challenge in Russia is that the market lacks one specific strong leader in e-commerce marketplaces, with Yandex in partnership with SberbankMail. That leaves the door open for someone to come in and to consolidate that more, and that presents a double opportunity for Naspers: It can either find itself getting a good deal for Avito from another buyer, or take the plunge to do Russian classifieds Jakobsberg by itself using Avito as its foothold.
Before that, it had been involved in Avito Russian classifieds Jakobsberg early aswhen the Thanda dating Landskrona was formed by a merger between Slando.
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Naspers takes full control of Russian classifieds site Avito in $1.16B deal Jakobsberg
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