About us
With the continuous improvement of African infrastructure and the continuous growth of Internet consumer demand, the future development of African Internet business has shown great potential and space for growth. Focusing on creating the most favorite Internet products for African users, TRANSSNET combines NetEase’s strong technical strength and advanced Internet product operation concepts with TRANSSION’s mature channel resources and solid market foundation in Africa. Based on this, we will continue to achieve more powerful technological innovation and broader geographical coverage. Through unremitting efforts in the field of localized content, TRANSSNET is committed to bringing more convenient and diversified Internet experience to African users, and continues to grow into the most influential technology leader company in the African market.
TRANSSNET Group is a joint venture company established by China's leading Internet company NetEase Group (NASDAQ: NTES) and TRANSSION Holdings Group, a global provider of smart terminal products and mobile value-added services. From music, short videos, social media to payment services, TRANSSNET focuses on the mobile Internet field and is committed to providing diversified online services to the vast number of users in Africa. As the first Chinese Internet company to penetrate the African market, TRANSSNET has now become one of the Internet companies serving the most users in Africa with excellent online applications such as Boomplay, the largest online music platform in Africa, and Vskit, the No. one short video social platform in Africa.
Boomplay
Boomplay is the leading music streaming and download services in Africa, provided by Transsnet Music Limited that aims to empower the African music eco-system to unlock its full potential. As of July 2021, it has over 60 million monthly active users and an expansive music catalogue of 60million songs. The app is available globally on mobile through the Google Play Store and App Store and on web via www.boomplay.com.
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MORE
MORE is the first social media based on the local market and dedicated to high-quality content sharing platform in Africa. In addition to using artificial intelligence technology to create a personalized content information flow for users, MORE also provides an interest group function, allowing users to meet like-minded friends from all over Africa.
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SOUNDI
SOUNDI is an audio sharing platform based on intelligent distribution, providing users with personalized radio stations, podcasts, audio books and other types of audio content.
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VSKIT
Vskit is the world's unique short video community product focusing on African users. Since its development in 2018, Vskit has fully covered all countries in Africa, with more than 30 million monthly active users, and over 2,000 exclusive online celebrities on the platform. It has become one of the most popular short video products in Africa.
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PALMPAY
Palmpay is a mobile payment product, it has provided services to Nigeria and Ghana, serving millions of users and processing monthly payments of hundreds of millions of dollars. PalmPay plans to provide world-class finance service to hundreds of millions of Africans in the next 5 years. In addition to basic transfer and payment functions, PalmPay is committed to providing more user scenarios to meet users' all-round payment needs such as clothing, food, housing, transportation, education, and entertainment, bringing more innovative payment methods, and creating a service ecosystem of mutual prosperity and mutual benefit.
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ShareHolders
NetEase is a leading Internet technology company in China. It was founded by Mr. Ding Lei in June 1997 and was publicly listed on the Nasdaq Stock Market (NASDAQ: NTES) in June 2000. At present, NetEase has covered more than 900 million users in China, providing diversified Internet services such as mailboxes, e-commerce, games, live video, news media, content communities, and online education.
Adhering to the people-oriented talent strategy, NetEase is eager to attract, retain and motivate the best talents, advocates providing employees with a relaxed office atmosphere and good living conditions, and provides a platform for rapid growth and sufficient development space for outstanding talents.
Transsion Holdings is committed to becoming the favorite smart terminal product and mobile internet service provider for consumers in emerging markets. TRANSSION owns well-known mobile phone brands TECNO, itel and Infinix in emerging markets, as well as digital accessories brand Oraimo, home appliance brand Syinix, and after-sales service brand Carlcare. In 2019, TRANSSION’s mobile phone shipments were 137 million units. According to IDC statistics, the global market share was 8.1%, ranking fourth; the African market share was 52.5%, ranking first.
In 2019, TRANSSION won the "Top 500 Private Enterprises in China", "Top 500 Private Enterprises in Manufacturing in China", "Top 500 Manufacturing Enterprises in Guangdong Province", "Top 100 Private Enterprises in Guangdong Province", "Top 500 Enterprises in Shenzhen", "Shenzhen Private Leading Key Enterprise" and other awards. On September 30, 2019, Transsion Holdings was successfully listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange. Currently, Transsion’s global sales network has covered more than 70 countries and regions, including Nigeria, Kenya, Tanzania, Ethiopia, Egypt, UAE (Dubai), India, Pakistan, Indonesia, Vietnam, Bangladesh, etc.