EDITORIAL: Beyond Tencent’s long shadow
Fabricio Bloisi’s appointment signals renewed focus on the core business of Naspers
22 May 2024 - 05:00
Naspers’ promotion of Fabricio Bloisi to the C-suite is a strategic gambit that signals a renewed focus on its core business: many e-commerce businesses that have burnt through cash and are overshadowed by the company’s stake in Chinese money-spinner Tencent.
For years, Naspers’ fortunes have been inextricably linked to Tencent. That investment has been nothing short of a windfall, but it has also cast a long shadow over Naspers’ identity and growth narrative, or what chair Koos Bekker describes as “the problem of prosperity”...
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