Tencents major shareholder has made a profit: selling India electricity supplier shares to make a profit of 1 billion 600 million dollars

category:Internet
 Tencents major shareholder has made a profit: selling India electricity supplier shares to make a profit of 1 billion 600 million dollars


NetEase news on May 10th, according to foreign media reports, Naspers, a media group based in Johannesburg, South Africa, made a profit of $1 billion 600 million by selling its 11% stake in Flipkart, a India electronic business venture company, and the return could almost be comparable to that of the 2016 Poland online auction site Allegro. Beauty. Naspers has gained ample cash flow and helped boost investor confidence. The largest Naspers company in Africa has invested $32 million to Tencent 17 years ago, according to a South African newspaper, and the value of the investment is now close to $150 billion. Six weeks ago, Naspers sold about $10 billion worth of Tencent shares. The problem is that at present, the market value of the company is lower than that of its Tencent shares, which means investors believe that the other business value of the company is negative. This is the starting point for Naspers to sell shares such as Allegro and Flipkart. Chief executive Bob Dijk (BobVanDijk) has promised to narrow the valuation gap and get cash from the companys numerous investments to help achieve this goal. WAL-MART disks Through the sale of shares, we get a three fold return on the price - this is one of our best investments, Van Dijk said on Wednesday. Naspers is still holding shares in several other India companies, including OLX, the online taxonomy company, the food supply company Swiggy and the tourist company MakeMyTrip, and are still looking for the India market. However, some people suspect that Naspers is not the party who decides to sell Flipkart shares. WAL-MART, the worlds largest retailer, is buying Flipkart77% shares for $16 billion and will announce the decision later. WAL-MART is now refusing to comment. In the case of WAL-MART becoming a major shareholder, Vandek said in response that the impact of Naspers on Flipkart will be significantly reduced. Our investment will become financial investment. Naspers is not a financial investor, but a strategic investor, he said. It doesnt matter. The sale of Flipkart shares also indirectly confirms that Naspers has the ability to make the right investment decisions, even if it is difficult to have investment like Tencent. At 4:50 p.m. local time in Johannesburg, Naspers shares rose 0.7% to 3096 lant, the companys current market value of 1 trillion and 360 billion lant (about $108 billion 300 million). Naspers acquired Flipkart in 2012 with a total investment of US $616 million. The value of its shares is $2 billion 200 million. Van Dijk said: our main goal is still to look for those potential consumer businesses. We support those entrepreneurs and ensure that we will get the right return. (Han Bing) source: NetEase science and technology report editor: Wang Fengzhi _NT2541 It doesnt matter. The sale of Flipkart shares also indirectly confirms that Naspers has the ability to make the right investment decisions, even if it is difficult to have investment like Tencent. At 4:50 p.m. local time in Johannesburg, Naspers shares rose 0.7% to 3096 lant, the companys current market value of 1 trillion and 360 billion lant (about $108 billion 300 million). Naspers acquired Flipkart in 2012 with a total investment of US $616 million. The value of its shares is $2 billion 200 million. Van Dijk said: our main goal is still to look for those potential consumer businesses. We support those entrepreneurs and ensure that we will get the right return. (Han ice)