Naspers CEO Talks Tencent Stake, Taking on Netflix and Facebook

Video News
Jun.25 — Africa’s biggest company by market cap reported a 72 percent increase in full-year earnings. Naspers credits classified advertising and its e-commerce business for the boost. Naspers also happens to be one of the biggest, if under-the-radar, tech investors in the world…and has long relied on its 31 percent stake in Chinese giant Tencent to accelerate profit growth. But its investments in new online companies are starting to bear fruit. Naspers raised $9.8 billion in March by selling a 2 percent stake in Tencent. The company then netted another $1.6 billion profit from the sale of a stake in Indian e-commerce startup Flipkart to Walmart in May.
Bloomberg’s Emily Chang speaks with Naspers CEO Bob Van Dijk.

Products You May Like

Articles You May Like

Ark Invest’s Keeney: Tesla Is Pulling Ahead of Peers
Bitcoin Could Double Over Next 5-6 Months, Pantera CEO Says
Apple’s Lawyer Takes Aim at Epic Games CEO
Goldman Is Looking to Make Deals in Tech Space

Leave a Reply

Your email address will not be published. Required fields are marked *