The Market Stake
Naspers has presence in three core ecommerce segments in India — online classifieds OLX , payments PayU and online food delivery Swiggy. While it owns and operates both OLX and PayU , it has emerged as the largest investor in Swiggy leading its last two rounds.
The share sale will allow Naspers to "scale these core ecommerce businesses, get into profitability quicker and consolidate our leadership positions", according to Van Dijk, who declined to comment on specifics. In it acquired bus ticketing platform redBus which it merged with Ibibo, an online travel firm it incubated in , which became the second-largest player.
The combined entity has emerged as one of the largest payment gateway players and also has a presence in areas like online consumer credit. Now that turns out to be the best investment in the history. Shareholders are often very short-term focused," he said.
Other areas where it is looking for early-stage investments in India through Naspers Ventures include education technology, medical technology and companies building products on blockchain. Van Dijk also reiterated that Indian government should come up with regulations for technology companies which helps the local ecosystem thrive and not let the market become a digital colony like Europe. He also said that the Cambridge Analytica leak is a wake-up call for companies like Facebook about how big they have become and should be taken as a lesson to move in the right direction.
Are you a Business Owner? Read more on cambridge analytica. The new way to profit through Indian real estate, safely! Daily wager struggles to save baby girl from deadly disease.
Fly to US for less than Rs 14, Now, Shivpal Yadav unveils his outfit's flag. My Saved Articles Sign in Sign up. Find this comment offensive?
Stake , U. In , the state of South Dakota built a cement plant to deal with cement shortages that had been plaguing the state. After several years of production, however, South Dakota was producing more cement than its citizens were using, and began selling excess cement on the national market. When South Dakota was hit by a cement shortage in , the State Cement Commission directed the cement plant to first supply all South Dakota customers with cement before taking on customers from out of state. As a result, Reeves lost a substantial portion of cement supply, and filed suit against the South Dakota State Cement Commission in federal district court.
- Use stake in a sentence.
- The English Friend.
- Stake sale: Does it benefit investors? - The Economic Times;
At issue was whether South Dakota's preferential treatment of South Dakota residents in its sale of state-produced cement constituted a violation of the negative commerce clause. The Court ruled that South Dakota's preferential treatment of South Dakota residents in its sale of state-produced cement was not a violation of the negative commerce clause because South Dakota was acting as a market participant.
Naspers hits the market with $10 bn from Tencent stake sale
The Supreme Court first promulgated the market participant exception to the negative commerce clause in Hughes v. There, the Supreme Court upheld the Maryland law against Commerce Clause objections because the state of Maryland was acting as a participant in the market rather than as a market regulator.
- An invisible toilet, a wooden toilet, and a plastic toilet.
- Stake sale: Does it benefit investors?.
- What is a stake? definition and meaning?
- Return to Elenair.
- Tencent: Naspers hits the market with $10 bn from Tencent stake sale.
- Reeves, Inc. v. Stake - Wikipedia?
- Get ET Markets in your own language.
Here, South Dakota was acting as a market participant where Congress had not taken any regulatory action; thus, South Dakota could favor its citizens in the sale of state-produced cement over the citizens of other states.