Naspers shareholders smiling as Tencent delivers blistering results – The Wall Street Journal

Naspers trades at a sharp discount to its underlying asset value - it trades at a 40% discount to the value of its 31% stake in Chinese internet giant Tencent alone. But today was a good day for Naspers shareholders; the stock rose almost 6% by late afternoon on the back of some outstanding results from Tencent.

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