Naspers optimistic about a growing appetite for food delivery

2021-06-21 08:36:00 PM

Naspers optimistic about a growing appetite for food delivery

Naspers optimistic about a growing appetite for food delivery

Consumers’ shift to online platforms leads to eye-catching growth for the delivery businesses, including Mr D in SA

21 June 2021 - 10:19Karl GernetzkyNaspers, Africa’s most valuable company, says Covid-19 has validated its push into e-commerce businesses such as food delivery, adding on Monday that it believes there is a bigger appetite for the market than previously believed.

Even before the pandemic struck, Naspers had been bulking up its food delivery business to take on Silicon Valley giants such as Uber Eats. It said on Monday that a consumer shift from restaurants to online delivery helped group profit almost double in its year to end-March...

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BL PREMIUM 21 June 2021 - 10:19 Karl Gernetzky Naspers, Africa’s most valuable company, says Covid-19 has validated its push into e-commerce businesses such as food delivery, adding on Monday that it believes there is a bigger appetite for the market than previously believed.18 June 2021 - 09:06 Agency Staff Picture: LAM YIK China’s government summoned Meituan’s Wang Xing to a meeting recently and warned him to keep a low profile, after the founder of China’s third-largest tech corporation last month posted a controversial poem that convulsed markets and sparked a social media furore.BL PREMIUM 21 June 2021 - 10:19 Karl Gernetzky Naspers, Africa’s most valuable company, says Covid-19 has validated its push into e-commerce businesses such as food delivery, with profit almost doubling in its year to end-March.Prosus announced it would kickstart a share swap between the two companies.

Even before the pandemic struck, Naspers had been bulking up its food delivery business to take on Silicon Valley giants such as Uber Eats. It said on Monday that a consumer shift from restaurants to online delivery helped group profit almost double in its year to end-March. They warned him to refrain from courting the spotlight, at least temporarily, the people said, asking not to be identified as they were not authorised to discuss the matter.... While the CEO later issued a clarification saying his post had been targeted at the short-sightedness of his own industry, some investors drew parallels to the criticisms issued by Alibaba Group founder Jack Ma against regulators last year, which triggered an unprecedented crackdown on China’s internet sector. B Premium This article is reserved for our subscribers. It is expected that Naspers’s holding of Prosus shares will reduce from 73.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily. Meituan did not respond to a written request for comment. Already subscribed? Simply sign in below. Already subscribed? Simply sign in below. . Officials refrained from taking more severe action against Wang because they did not want to convey the impression that every minor transgression could result in dire consequences, one of the people said.