One Guy Made $66 Billion on China’s Web. Now He Needs a Second Act
Investing in the firm behind WeChat is a tough act to follow
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South African billionaire Koos Bekker has spent 15 years riding the rocket of the Chinese Internet thanks to one really smart -- or really lucky -- investment. Now he's trying to do it again.
In 2001 Naspers Ltd., the media group he chairs, put $32 million into a then-obscure Web company called Tencent. Its stake today is worth $66 billion -- roughly equal to Naspers’ entire stock market capitalization. To prove he’s capable of more successes like Tencent, Bekker is scouring the globe in search of new tech deals .