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Naspers

Naspers

Naspers is a multinational media and internet group founded in 1915 by Die Burger.

Naspers is a broad-based multinational internet and media group headquartered in South Africa, offering services in more than 130 countries. Its principal operations are in internet communication, entertainment, gaming and e-commerce. It was founded in 1915 in South Africa by Jannie Marais of Coetsenburg and W.A. Hofmeyr with the support of Jan Christiaan Smuts, Louis Botha and National Party founding president J.B.M. Hertzog. Naspers made an early investment, US$32 million in 2001, in Chinese internet company Tencent which turned out to be extraordinarily successful; as of 2018, Naspers has an approximately 31% stake in Tencent, and is, by far, the largest shareholder of Tencent stock. Its investment in Tencent also appears to be the main driver of the value of its own stock, and has since overshadowed the operational aspects of the Naspers business. It has also made less notable investments in other technology companies. In December 2018, Naspers invested $1 billion in India's foodtech giant Swiggy.

Timeline

December 2018
In December 2018, Naspers invested $1 billion in India's foodtech giant Swiggy.
2001
Naspers made an early investment, US$32 million in 2001, in Chinese internet company Tencent which turned out to be extraordinarily successful; as of 2018, Naspers has an approximately 31% stake in Tencent, and is, by far, the largest shareholder of Tencent stock.

Invested in

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Funding Rounds Participated In

Further Resources

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News

Title
Author
Date
Publisher
Description
Michael Stothard
February 15, 2021
Sifted
The three venture capital firms which made the initial seed investment into UiPath have made one of the greatest ever European venture bets.
Peerzada Abrar
February 19, 2020
@bsindia
Swiggys valuation is learnt to have remained largely the same level of around $3.3 billion
Reuters Editorial
November 22, 2019
IN
South African e-commerce giant Naspers reported a 48% slump in half-year profit on Friday, at the better end of its guidance range after a previously-flagged drop in gains on investments at China's Tencent.
Connie Loizos
October 3, 2019
TechCrunch
Naspers, a South African internet company that has become a major investor in a wide range of digital commerce companies, has in recent years drawn comparisons to the Japanese conglomerate SoftBank. For one thing, Naspers, like SoftBank, is very global in nature, with investments in more than 90 countries. Naspers, like SoftBank, doesn't shy from [...]
Michael J. de la Merced
September 11, 2019
www.nytimes.com
Naspers spun off a consumer internet unit, Prosus, for a listing in Amsterdam that made it the biggest European company of its type.
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