In 2001, Cape Town-based Naspers invested $32 million in Tencent, an investment that has grown to more than $80 billion today.
Tencent – owner of the messaging app WeChat – is the most valuable company in China.
Today Naspers owns 34% of Tencent, the fourth largest internet company in the world after Amazon, Google and Facebook.
Short discussed Tencent and what it does as well as the truth-is-stranger-than-fiction story behind what must be the best investment ever.
Listen to the wild story in the audio below (and/or scroll down for quotes from it).
The face of Tencent is Pony Ma. He’s been involved since the start. He’s reserved and not a celebrity.— Philip Short
In the mid-2000s Tencent went into online gaming.— Philip Short
WeChat only came along in 2012.— Philip Short
Tencent gets people to play their addictive games for free for up to one or two stages. From there on you have to pay.— Philip Short
Tencent owns an Uber-like business that pushed Uber out of China.— Philip Short
Tencent’s online advertising is growing at 60% per year.— Philip Short
Tencent has just started monetising mobile payments.— Philip Short
We still see ample opportunities in Naspers.— Philip Short
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Invest yourself rich. Consider buying Naspers (and the two other shares discussed in this stock pick feature).
We interviewed Naspers CEO Bob van Dijk about the perceived over-reliance of his company on Chinese behemoth Tencent.
Internet services company Tencent Holdings, in which Naspers has a 34 percent stake, has surpassed Facebook in brand value.
The Chinese tech-firm will pay R1.5bn for a 15 percent stake in the US developer famous for its hit "Kim Kardashian: Hollywood”.
Naspers is expensive, but geared for growth. Ashburton Investments’ Nick Crail on why you should just be brave and buy its shares.
Bruce Whitfield speaks to historian Professor Lizette Rabe about the story of the Nasionale Pers.
Psychiatric expert Dr Renata Schoeman challenges plans to recognise dagga as a prescription drug rather than a banned substance.
Dr. Eve explains the importance of condom usage and educates people about the transmission of sexually transmitted infections.
SA Weather Service says Dineo is expected to affect Limpopo, Mpumalanga and northern KZN.
The African National Congress (ANC) in KwaZulu Natal wants the provinces system scrapped and Cosatu backs this call.
Mashaba says new information about tender irregularities has come to light and he is unhappy with the previous investigation.
Despite the downgrade, residents in parts of Limpopo and Mpumalanga can still expect flooding and heavy rains.
Anita Ronge, famously known as Kasi Mlungu, talks music career, race and township lifestyle with Eusebius McKaiser.
Together, the SA and Hungarian governments are offering scholarships for students who want to do bachelor, masters, and PhD degrees.