Tencent’s largest shareholder is a South African newspaper company called Naspers. This company bought the then-startup company 17 years ago in the name of its subsidiary MIH for US$32 million. With 46.5% of Tencent's shares, Tencent's market value has now risen to US$531 billion, and Naspers' returns have also increased to US$184.6 billion. This part of the income has exceeded Naspers' own market value of US$125 billion.
"We have never sold a single Tencent stock in more than ten years." Naspers executive Charles Searle said in an interview with the New York Times in 2014.
Naspers was founded in Cape Town, South Africa in 1915. It later developed into a media company with e-commerce, Internet finance, film and television fisheries, and print media. It currently operates in more than 130 countries around the world. countries have operations. Before 2000, the company focused mainly on expanding print media. Later, when current CEO Koos Bekke took office, he predicted that print media would begin to decline and decided to expand the company's revenue sources, so he started The business of venture capital.
Baker set his sights on China. After he inspected many Chinese companies, he found that the companies on his shortlist were all using OICQ, an instant messaging software from a start-up company called Tencent, to communicate. However, OICQ was still losing money at that time, and the American Internet company America Online (AOL) was also suing Tencent, saying that Tencent's OICQ infringed on the trademark rights of its own instant messaging company ICQ.
Nonetheless, Naspers valued Tencent at around $80 million and acquired 46.5% of the shares. Tencent then changed the name of its messaging software to QQ.
The income is 5768 times that of the investment. What kind of company is Naspers, Tencent’s largest shareholder?
“QQ” in 1999, it was also called OICQ at that time. Picture/sohu
"We have never been involved in the management of Tencent at a detailed level." Antonie Roux, head of network operations at Naspers, said in an interview . Now it seems that this strategy is correct. Even if it pursues "governing by doing nothing", Naspers still exchanged US$32 million from Tencent for more than US$180 billion in return.
Tencent was the first start-up company invested by Naspers. In 2015, Naspers established its own venture capital department. With the same idea as when it invested in Tencent, Naspers focused on long-term investment in technology and new media start-ups. , has currently invested in twelve companies, such as the American online learning platform Udemy, the Indian travel website MakeMyTrip, and the Russian Internet company Mail Ru, and has offices in eight countries including the United States, the Netherlands, Singapore, Hong Kong, and Israel.
The income is 5768 times that of the investment. What kind of company is Naspers, Tencent’s largest shareholder?
Naspers is one of the companies that invests the most money.
But not all of its investments are as lucky as its investment in Tencent. According to the company's annual report, Naspers lost US$6.3 billion and US$8.46 billion in equity investments in 2016 and 2017 respectively. billion dollars.
Naspers is not the first company to taste the benefits of investing in Chinese companies.
In fact, Silicon Valley venture capital firms Integrity Partners, GGV Capital and Sequoia Capital have all bought early-stage stakes in some of China's hottest startups, including Sina, Sohu, Baidu and NetEase.
In 2005, Yahoo used all its Chinese assets (including Yahoo’s Chinese website, search technology, communications and advertising businesses, etc.) plus an investment of US$1 billion in exchange for 39 shares of Alibaba. After many transactions since then, Yahoo still holds about 15% of Alibaba shares, worth US$71.1 billion.
When Baidu went public 13 years ago, American venture capital firm Draper Fisher Jurvetson held one-third of its shares. On the first day of listing, Baidu’s share price rose by 354. In 2014 Listed JD.com also has foreign investors and venture capital investors such as Tiger Global of the United States, DST Global of Russia, and Prince Alwaleed bin Talal of Saudi Arabia among its shareholders. Company name.
"This is the law of large numbers. As far as China is concerned, if things go well, the results will be wonderful." Situ Shan, a partner at CDH Investments, a private equity firm focusing on China business Stuart Schonberger said this. I believe the question asked must be about understanding the holding company behind the company, right? Is the Internet rumored to be controlled by Industrial and Commercial Bank of China? Is it true?
Tencent is currently one of the most successful Internet companies in China, but many people love and hate Tencent. Because none of their major shareholders are Chinese or Chinese institutions.
So a self-comforting rumor emerged, saying that behind Tencent is the South African Newspaper Group, and our Industrial and Commercial Bank of China is the controlling shareholder of the South African Newspaper Group, but is this really the case? ?
Of course not. First of all, ICBC does not control the South African Press Group, but the Standard Bank of South Africa. So Tencent has nothing to do with ICBC. Of course, even so, Tencent is still a well-established Chinese company.
The current proportion of Tencent shareholders is that South Africa's MIH holds 31.25 shares, Ma Huateng personally holds 7.59 shares, Tencent's founder team is unknown, the United Bank of South Africa ABSABank holds 1.88 shares, and the rest are privately held shares. After South Africa's MIH obtained the equity, it did not participate in the company's affairs. It even threw away the voting rights of the stock from the beginning of the business. Therefore, although Ma Huateng has a small stake, he still has absolute control. But it is a pity that if Li Zekai had not sold 20% of his shares at that time, he would now have 2 more of Ma Huateng's wealth. The history of that year!
Tencent’s largest shareholder is a South African newspaper company called Naspers. In the name of its subsidiary MIH, this company bought 46.5 shares of Tencent, which was still a startup at the time, for US$32 million. .
Naspers is a leading multinational media group founded in 1915 and listed on the Johannesburg Stock Exchange in September 1994. The company owns American depositary shares on the London Stock Exchange.
After years of development, Naspers has developed from a traditional media company engaged in traditional printing to an electronic media company with operations in multiple markets. Key businesses include Internet, focusing on commerce, community, content, communications and gaming; pay television and related technologies and print media, including publishing, distribution and magazine, newspaper and book printing.
Becker invested US$32 million in Tencent in 2001. In 2004, when Tencent was listed on the Hong Kong Stock Exchange, the value of Naspers' Tencent shares soared from about $231 million to about $114 billion.
Tencent is one of the companies that has benefited most from the spread of faster 4G networks in China, as it uses social media WeChat to sell music and stream videos.
Relying on Tencent's rapid growth, Naspers' annual profits have increased by more than 40%. Since 2012, Naspers has invested US$4 billion, mainly promoting the growth of e-commerce platforms. Naspers' e-commerce platforms include mobile classified applications Letgo and OLX, the latter being the largest classified websites in India and Brazil respectively.
Naspers is a leading multinational media group founded in 1915 and listed on the Johannesburg Stock Exchange in September 1994. The company owns American depositary shares on the London Stock Exchange. After years of development, Naspers has developed from a traditional media company engaged in traditional printing to an electronic media company with operations in multiple markets. The main businesses include the Internet, focusing on commerce, community, content, communications and games; pay television and related technologies and print media, including publishing, distribution and printing of magazines, newspapers and books.
Tencent’s first The major shareholder is a South African newspaper company called Naspers. This company, in the name of its subsidiary MIH, spent US$32 million to buy 46.5 shares of Tencent, which was still a start-up company at the time.
Naspers is a leading multinational media group founded in 1915 and listed on the Johannesburg Stock Exchange in September 1994. The company owns American depositary shares on the London Stock Exchange.
After years of development, Naspers has developed from a traditional media company engaged in traditional printing to an electronic media company with operations in multiple markets. Key businesses include Internet, focusing on commerce, community, content, communications and gaming; pay television and related technologies and print media, including publishing, distribution and magazine, newspaper and book printing.
Naspers is a leading multinational media group founded in 1915 and listed on the Johannesburg Stock Exchange in September 1994. The company owns American depositary shares on the London Stock Exchange. After years of development, Naspers has developed from a traditional media company engaged in traditional printing to an electronic media company with operations in multiple markets. Key businesses include Internet, focusing on commerce, community, content, communications and gaming; pay television and related technologies and print media, including publishing, distribution and printing of magazines, newspapers and books.
Naspers Group is located in Kaifa Headquarters in Cape Town Since Cape Town is an important transportation hub in southwestern South Africa, several well-known newspapers and magazines have opened offices here. Such as Independent News and Media, which publishes major English-language newspapers Cape Argus and Cape Times. There is also Naspers, South Africa's largest media group that publishes the main Afrikaans newspaper Die Burger. In addition, the University of Cape Town also publishes their student newspaper Varsity.
Cape Town also has a series of community tabloids. Almost every region has its own newspaper to publish community news.
Some of the larger community tabloids are:
English tabloids:
Athlone News in Athlone
Atlantic Sun Atlantic Sun
Constantiaberg Bulletin from Constantiaberg
Echoes of False Bay from False Bay (False Bay Echo)
Helderberg Sun in Helderberg
Plainsman
City Vision in Bellville
Sentinel News
Southern Suburbs Tatler
Table Talk
Tygertalk
Afrikaans tabloids:
Landbou-Burger
Tygerburger
Xhosa tabloid:
Vukani in the Cape Flats
Open Cape Town is also a center for broadcast media, with several local radio stations. In addition, the offices of the South African Broadcasting Group are also located here.
Radio channels:
Good Hope FM
KFM 94.5 fm
Voice of the Cape 95.8 fm)
Cape Talk 567 mw
UCT Radio 104.5 fm, for the University Channel
Financials
Editor
Naspers provides pay-TV services to 50 countries in Africa, which accounts for 60% of its total revenue. Naspers' main business is in South Africa, and revenue from South Africa accounts for about 73% of the company's total revenue.
As of the end of September 2009, its half-year main business profit increased from Rand 1.76 billion in the same period last year to Rand 2.41 billion (approximately US$327 million); revenue increased by 6.3% to Rand 13.5 billion. Germany (approximately US$1.832 billion). The market capitalization is approximately US$15-16 billion.
International
Editor
Naspers is a century-old company that owns more than 60 consumer newspapers in South Africa, including the top-selling newspaper " Daily Sun". Naspers also has stakes in publishers, e-commerce sites and digital radio stations in countries across Africa, Brazil, China and Poland and Hungary. It also owns China's only pay TV channel and a stake in Chinese media company Beiqing Media. And it is also Tencent’s largest shareholder, with a shareholding ratio of 35%.
Most of Naspers’ valuation comes from its 33% stake in Tencent Holdings. The shares are worth about $132 billion, 32% more than Naspers' own market capitalization.
Company Honors
Editor
Ranked 69th on the 2019 Forbes Global Digital Economy Top 100 list.
On November 16, 2019, Hurun Research Institute released the "2019 Hurun Global Unicorn Top 100 Active Investment Institutions List", and Naspers was on the list.
On May 13, 2020, Naspers ranked 563rd on the 2020 Forbes Global 2000 list
It has a great background