That stake is now worth roughly $126 billion as of Tencent's market close Monday.Got a confidential news tip? It also owns and operates fintech venture PayU and classifieds firm OLX here.The Indian internet ecosystem has seen a major shift recently, with Mukesh Ambani-owned Jio Platforms scooping up about $20 billion from the likes of Facebook, Google and a dozen other marquee investors.His comments come in the backdrop of a global backlash against Chinese technology firms, including ByteDance-owned short video platform TikTok, because of data security issues.“What we have seen across most of our businesses is a fairly solid recovery once the most immediate lockdowns were lifted…In India, we saw recovery in digital payments and classified, but food has been slower, but in the long-term, we will see an accelerated shift in people’s behaviour online — whether it is payments, buying products or delivery services,” he said.Naspers was an early investor in Chinese technology behemoth Tencent and gained prominence as a tech investor globally on the back of the stupendous returns it generated from the Pony Ma-founded company.India banned 59 Chinese origin apps last month, including TikTok, and there have been reports suggesting that the United States could follow suit, amid a larger US-China trade war that has been raging between the two countries for some time.
It aims to provide a fresh perspective by combining quantitative and qualitative approaches in analysis, and employs visualization and graphs to illustrate trends.Elaborating on the impact of country-wise groupings that pit US and Chinese technology companies against each other, van Dijk said, “Foreign investors are a great source for stimulating local economies and growth.
“In India, we’ve felt welcome as an investor for a long time — being supported to bring not only capital but also knowledge — and I really want to commend Prime Minister (Narendra) Modi and Piyush Goyal (commerce and industry minister) on making doing business easier…,” he said.“If you look at the investments we’ve done in India, it has always been in companies that are great founder-led businesses, which pushed innovation and executed well locally. The listing, meant to attract international investors, is part of Chief Executive Officer Bob Van Dijk’s effort to reduce the gap between the Cape Town-based … In an interview at the Money20/20 Europe conference on Monday, Naspers CEO Bob van Dijk said tech stocks in China, including Tencent, have fallen victim to … Bob van Dijk was appointed as chief executive officer of Naspers in April 2014. "I think it has everything to do with trade tensions and that affects everybody. The listing, meant to attract international investors, is part of chief executive Bob Van Dijk’s effort to reduce the gap between Nasper’s market value of about 1.41 trillion rand … It's not good, it's not good for anybody, but in the end if you take a 10-year view, which is what we typically do, the market is there, the innovation is there, so I think the long-term future is bright."Data is a real-time snapshot *Data is delayed at least 15 minutes. That’s always been good for us,” said van Dijk.Joon’s Asian Polyglot View Blog offers unique news and views on a variety of topics including macroeconomy, finance, international relations, current events, public policy and foreign languages for US, China, Japan and Korea. Prosus is a shareholder in Germany’s Delivery Hero and owns a controlling stake in Brazil’s iFood.© 2020 asianpolyglotview.com - All rights reserved!“I cannot speak for Tencent, as they make their own investments and decisions…We have always made sure that we keep the jobs, decision making and the IP creation local. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.Sign up for free newsletters and get more CNBC delivered to your inbox"It's been probably the best investment ever done by a company so we're quite lucky to be associated with them, but if I look forward, the best is yet to come," van Dijk said.Get this delivered to your inbox, and more info about our products and services. And, in my experience, a lot of value creation happens through innovation and typically by startups… very few large companies manage to truly innovate…,” he pointed out.Last year, Prosus, spun off from media and internet conglomerate Naspers, was listed in Amsterdam.
If I look at our businesses, I don’t think they compete directly with what they run today, so I’m less focused on it…”While Jio has been an impressive company — more so with its new investments — innovation will come from startups, said van Dijk, adding companies that directly compete with Jio may need to worry going forward.India, van Dijk said, will remain the group’s top investment destination. Bob van Dijk, Technology News, ETtech - AsianPolyGlotView Geopolitical tensions across the world have led to investing becoming political which is unfortunate, Bob van Dijk, the group chief executive of Naspers Wednesday, July 29, 2020 Geopolitical tensions across the world have led to investing becoming political which is unfortunate, Bob van Dijk, the group chief executive of Naspers and Prosus, one of the largest technology investors in the world, told ET in an exclusive interaction. The new entity houses all the consumer internet assets of the group, including its holdings in Indian companies such as Swiggy, Byju’s and social commerce startup Meesho, among others.It has bet on food delivery platform Swiggy, educational technology company Byju’s, among others.
We are a global company — neither Chinese nor US — and we have always worked through local entrepreneurs, keeping jobs local which has served us well…”As for India, the South Africa-based group ploughed $500 million in the previous financial year, taking its overall investment in the country to $5 billion since 2014.On the impact of the Covid-19 pandemic on various portfolio businesses, van Dijk said the effect has been varied depending on their geographic presence, while recoveries have also been different depending on supply chains and operational complexities of each country.© 2020 asianpolyglotview.com - All rights reserved!When asked if the Reliance-Facebook-Google collective would deter the group from doubling down on India, van Dijk said, “If you’re directly competing with a product coming out of the Jio portfolio, then it may be something to scratch your head over, because they are formidable.
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