Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  KOREA EXCHANGE  >  Naver Corp    035420   KR7035420009

NAVER CORP (035420)
My previous session
Most popular
  Report  
SummaryNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Naver : Indonesian Company Bukalapak Will Likely Receive New Funding

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/12/2019 | 07:33am EST

Bukalapak, an online marketplace company from Indonesia, will soon announce a new round of funding, according to reports.

Naver Corp. is said to be one of the investors, as well as Ant Financial, which is the finance arm of Alibaba. Ant Financial already holds a minority stake in Bukalapak, so the new round will be in addition to whats already been given.

Bukalapak, when contacted, said it planned to issue a press release soon.

Bukalapaks biggest shareholder is Indonesian media company Emtek, which had a 36.86 percent stake in the company in September of 2018. The two companies also develop technology together, including a payments platform called DANA, which Bukalapak uses.

Bukalapak has been branching out more into financial services areas, like loans, credit, insurance and mutual fund and gold investments. The company also plans to expand with more investment products, as well as in areas like P2P lending and remittance payments.

In addition, the company has started working with traditional mom-and-pop type stores in Indonesia approximately 300,000 to act as a go-between with the company, and then charging a commission. It will also use IDR 1 billion ($71,000) to start a partner program called Bukalapaks Partners.

The last time the company raised money was at the end of 2017, when it got an undisclosed amount of money from Singapore sovereign wealth fund GIC. Bukalapak, in that round, was valued at more than $1 billion.

As the company recently celebrated its ninth anniversary, Founder and CEO Achmad Zaky said innovation is the key to driving the business forward.

Investor Naver Corp. is also behind messaging outfit LINE. That AI software platform was developed with Naver Corp., which also runs a search engine. While LINE is mainly a messaging app, customers use it to read the news, get taxi rides and find part-time work.

(c) 2019 Daily Independent. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on NAVER CORP
01/16South Korea's Mirae Asset, Naver to invest in Indonesia's Bukalapak
RE
01/12NAVER : Indonesian Company Bukalapak Will Likely Receive New Funding
AQ
2018No Uber or Airbnb in South Korea - Red tape, risk-aversion hobble start-ups
RE
2018NAVER CORP : Ex-dividend day for final dividend
FA
2018Japan's Line partners Mizuho, Tencent in fintech drive; shares jump
RE
2018Japan's Line partners Mizuho, Tencent in fintech drive; shares jump
RE
2018Japan's Line teams up with Mizuho, Tencent; shares leap
RE
2018Thailand's Kasikornbank invests $50 million in ride-hailing firm Grab
RE
2018NAVER CORP : SPLIT: 5 of 1
FA
2017NAVER CORP : Ex-dividend day for final dividend
FA
More news
Financials (KRW)
Sales 2018 5 545 B
EBIT 2018 977 B
Net income 2018 706 B
Finance 2018 2 938 B
Yield 2018 0,23%
P/E ratio 2018 29,72
P/E ratio 2019 27,97
EV / Sales 2018 3,41x
EV / Sales 2019 2,91x
Capitalization 21 838 B
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 34
Average target price 155 571  KRW
Spread / Average Target 17%
EPS Revisions
Managers
NameTitle
Seong-Sook Han Chief Executive Officer & Director
Hae-Jin Lee Director & Global Investment Officer
Soo-Wook Kim Outside Director
Eui-Jong Jeong Outside Director
Joon-Pyo Hong Outside Director
Sector and Competitors
1st jan.Capitalization (M$)
NAVER CORP19 479
ALPHABET3.98%728 905
BAIDU7.03%56 877
YAHOO JAPAN CORPORATION10.53%13 863
YANDEX8.01%9 709
SOGOU INC10.86%2 284