Could this be the greatest financial investment ever made?
In 2001, South Africa based Naspers made an investment in a relatively unknown Chinese firm named Tencent. This shrewd move has since become world renowned as one of the most lucrative and profitable “investments” in the history of investing. Naspers, a small, local multi-media holding company under the stewardship of Koos Bekker, invested $32 million in Tencent, acquiring a 46.5% stake. This early investment was a significant boost for Tencent, providing the financial support and lasting partnership needed to expand and develop its products. Thus it … Continue reading Could this be the greatest financial investment ever made?
