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

Amazon Great Indian Festival 2022 Sale: Bestselling Gaming Laptops at Discounted Prices
Apple Loses Second Bid to Challenge Qualcomm Patents at US Supreme Court
Dead Space Remake Gameplay: EA Motive to Reveal First Footage Tonight at 8:30pm IST
Ten Things Elon Musk’s Texts Reveal About the Twitter Deal
iPhone Supplier Foxconn “Cautiously Optimistic” About Q4 Revenue Outlook

Leave a Reply

Your email address will not be published.