undefined | Better HN

story

0 pointsMangoCoffee4y ago0 comments

>In 2001, Naspers made an early, successful investment of US$32 million, in Tencent. As of 2018, Naspers had approximately a 31 percent stake in Tencent, becoming its largest shareholder

https://en.wikipedia.org/wiki/Naspers

its probably because of their early investment in Tencent.

0 comments

skinnymuch4y ago

The issue OP is bringing up is how their market cap is so small. 18% of $775B is more than $100B. It also means everything else they own is worth negative technically.

j / k navigate · click thread line to collapse

0 comments

skinnymuch4y ago

The issue OP is bringing up is how their market cap is so small. 18% of $775B is more than $100B. It also means everything else they own is worth negative technically.

j / k navigate · click thread line to collapse