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He said online retailing was still not a business for the group.
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Analysts said it's a sign of the growing competitive pressure in online retailing.
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But expect a steady swing towards online retailing in South Africa in coming years.
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Still, the growing appeal of online retailing might have helped some retailers, analysts said.
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Disney (DIS) will be expanding its online retailing efforts as well.
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The news followed reports that the Federal Trade Commission is examining Amazon's power over online retailing.
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Amazon's dominance in online retailing is a major focus of the attention on its business practices.
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Yet some critics regard Kinnevik's investment shift into online retailing where entry barriers are low as foolhardy.
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Such online retailing ventures emphasize the failure of media companies to make money from advertising-supported content alone.
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For the first time in a decade Wal-Mart's web sales grew faster than the online retailing giant's.
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It has been growing its online retailing consistently, albeit not as fast as some of the Asian countries.
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He's produced stress tests in the past that tackled a no-deal Brexit and online retailing, but this was different.
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Martin Murray, CEO, Interactive Return: I think the last year has seen a major shift towards online retailing in Ireland.
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The online retailing sector has received a boost with Amazon.com reporting strong sales growth during the last quarter of 2000.
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It has moved from online retailing to running warehouses, publishing books, and making films and television shows for its Prime streaming service.
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SoftBank is making a major push into online retailing, launching PayPay Mall, as it tries to grow revenues outside its core telecoms business.
