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.
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