Qiwi Plc, which runs a Russian Web- payment service similar to PayPal, could benefit if the country moves to create a national card-payment system as a local alternative to Visa Inc. and MasterCard Inc., its chairman said.
As Africa’s largest media company, with 5.6 million pay-TV subscribers today and a potential market of hundreds of millions more, Naspers Ltd. would appear to have almost limitless room for growth. Investors, though, seem to place little value on the South African company’s primary publishing and broadcasting business.
A group of Weston Presidio partners are leaving to start a new investment business after the 23-year old private-equity firm that was an early backer of JetBlue Airways Corp. and owned AMC Entertainment Holdings Inc. failed to raise a new fund.
Russia’s new rules on express parcels delivered from abroad are benefiting local online stores at the expense of global companies such as EBay Inc. and Alibaba Group Holding Ltd., Renaissance Capital said.