The story of Naspers & Tencent
Since 2008, I have had a mild obsession with a South African media company called Naspers. They are most known for being a very early investor in Tencent. In 2001, they bought a 46.5% stake for $32 million. 18 years later, it was worth $133 billion. It is likely one of the best investments of all time. But success can be a double edged sword. This remarkable investment led to a meteoric rise of Naspers […]