Naspers

Naspers Limited is a multinational internet group, headquartered in South Africa. It was founded in 1915, in South Africa, by Jannie Marais of Coetsenburg and W.A. Hofmeyr, with the support of Jan Christiaan Smuts, Louis Botha, and National Partyfounding president J.B.M. Hertzog.

In 2001, Naspers made an early and successful investment of US$32 million in Tencent. As of 2018, Naspers had approximately a 31% stake in Tencent, and is its largest shareholder. Its investment in Tencent also appears to be the main driver of the value of its own stock, and has since overshadowed the operational aspects of the Naspers business. It has also made less notable investments in other technology companies.