Tencent’s biggest investor Naspers to spin off 31 per cent stake to form Europe’s largest listed consumer internet group

//Tencent’s biggest investor Naspers to spin off 31 per cent stake to form Europe’s largest listed consumer internet group

Tencent’s biggest investor Naspers to spin off 31 per cent stake to form Europe’s largest listed consumer internet group

Naspers plans to carve out its internet businesses, including a US$133-billion stake in China’s Tencent Holdings that has long exceeded the South African technology investor’s own market value.Cape Town-based Naspers chose Euronext Amsterdam to list a business that includes its 31 per cent holding in Hong Kong-traded Tencent, which runs the world’s biggest video games business by revenue and China’s largest social media operation, as well as investments in Russian internet platform Mail.Ru,…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2019-03-25T09:51:26+00:00 March 25th, 2019|Technology|Comments Off on Tencent’s biggest investor Naspers to spin off 31 per cent stake to form Europe’s largest listed consumer internet group