Naspers steps up exposure to Russian e-commerce by buying out Avito

Naspers steps up exposure to Russian e-commerce by buying out Avito

A logo sits on display inside the headquarters of Napsters Ltd., at the Media24 Ltd. office complex in Cape Town, South Africa. Photographer: Halden Krog/Bloomberg

Naspers Ltd. will focus on consolidating technologies and harnessing artificial intelligence across its e-commerce business after taking full control of Russia’s largest classified advertising platform in a $1.1 billion deal.

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