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The global internet search portals market is projected to increase from $222.19 billion in 2022 to $256.57 billion in 2023, achieving a CAGR of 15.5%. The ongoing Russia-Ukraine conflict has posed challenges to global economic recovery, resulting in inflation and supply chain disruptions. By 2027, the market is expected to reach $443.17 billion with a CAGR of 14.6%. Key regions include Asia-Pacific, the fastest-growing market, and challenges such as increasing antitrust and privacy concerns are anticipated to hinder growth.
Prosus N.V. reported strong results for the six months ending September 30, 2021, with ecommerce revenues rising 53% to US$4.2 billion. Total revenues increased 29% to US$16.6 billion, while trading profit grew 8% to US$2.9 billion. The company invested US$5.2 billion since April 2021 to enhance growth, and its ecommerce portfolio valuation is now approximately US$50 billion. Key growth areas include Food Delivery (up 86%) and Classifieds (up 101%). However, the Food Delivery segment faced a trading loss of US$312 million.
Prosus has announced the acquisition of BillDesk for
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