In this episode of the podcast, Naspers CEO Bob van Dijk returns to the show, this time with Naspers Ventures CEO Larry Illg, to talk about the group’s global technology investments and strategies.
Browsing: Naspers
Naspers is working to reduce its exposure to Johannesburg’s stock exchange as Africa’s largest company seeks to narrow its valuation gap with flagship asset Tencent Holdings.
Naspers said on Monday that it has concluded the sale of its 11.2% stake in Indian e-commerce company Flipkart, realising $2.2-billion (about R32.2-billion) in proceeds.
Naspers will invest a further $500-million into US mobile classifieds platform letgo. Duncan McLeod interviews Naspers CEO Bob van Dijk and letgo co-founder Alex Oxenford about the investment.
Tencent slumped after the Chinese social media giant reported shockingly poor quarterly numbers, underscoring how tech superstars that led the market to new heights are showing signs of strain.
Naspers, Africa’s largest company by value, plunged the most in almost 10 years in Johannesburg trading after Chinese Internet giant Tencent posted earnings that missed analyst estimates.
The Chinese Internet giant, best known for its popular games and ubiquitous messaging services, has shed more than $150-billion in market value since a January peak.
Naspers’s Video Entertainment unit, which has oversight of DStv parent MultiChoice, has created a new Connected Video unit and appointed a CEO to lead it.
The Chinese Internet giant, in which South Africa’s Naspers holds a 31.2% stake, has tumbled 25% from its January peak, erasing about $140-billion of market value.
Naspers is considering the listing of certain parts of its sprawling global media and technology business outside South Africa as the continent’s largest company by market value seeks to reduce its size.