Naspers Sees E-Commerce Closing $32 Billion Value Gap
- E-commerce unit is projected to be profitable this fiscal year
- Stake in Chinese giant Tencent is paying off, chairman says
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Naspers Ltd. Chief Executive Officer Bob Van Dijk said five years of heavy e-commerce investments are bearing fruit, which should prove to investors that the assets are worth more than they think.
Van Dijk is seeking to show shareholders that Africa’s largest company by market value has more to offer than just its well-timed investment in Chinese Internet giant Tencent Holdings Ltd. Cape Town-based Naspers has ridden the coattails of the WeChat creator to be the best performer on Johannesburg’s FTSE/JSE Africa Top 40 Index this year with a 50 percent rise.