It may just be the most interesting large company you’ve never heard of… But it’s firing on all cylinders, which is why we just recently added it to the Maximum Profit portfolio. On the surface, it looks like a normal internet and media company. But it’s much, much more than that… In fact, South Africa’s Naspers (OTC: NPSNY) is about as unique a company as you’ll ever come across. It’s a venture capital-like firm that owns a portfolio of some of the top internet companies across the globe. Many of the companies it owns are firms that you’ve likely never… Read More
It may just be the most interesting large company you’ve never heard of… But it’s firing on all cylinders, which is why we just recently added it to the Maximum Profit portfolio. On the surface, it looks like a normal internet and media company. But it’s much, much more than that… In fact, South Africa’s Naspers (OTC: NPSNY) is about as unique a company as you’ll ever come across. It’s a venture capital-like firm that owns a portfolio of some of the top internet companies across the globe. Many of the companies it owns are firms that you’ve likely never heard of, with one notable exception: Chinese tech giant Tencent (OTC: TCEHY). For those who may be unaware, Tencent is one of the internet giants of China, and the company has its hands in everything from social media to gaming to payments to artificial intelligence and more. In fact, it’s the sixth-largest internet-focused company in the world in terms of revenue. Naspers first invested in Tencent in 2001 and is the company’s largest shareholder, controlling over 31% of shares outstanding. That position alone is worth more than $146 billion. #-ad_banner-#But get this… Naspers’ market cap is only $110 billion. That’s… Read More