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Koos Bekker seeking to repeat Tencent success
The South African billionaire is scouring the globe in search of new tech deals
Add BT as a preferred sourcePublished Wed, May 20, 2015 · 09:50 PM
Cape Town
SOUTH African billionaire Koos Bekker has spent 15 years riding the rocket of the Chinese Internet thanks to one really smart - or really lucky - investment. Now he's trying to do it again.
In 2001, Naspers Ltd, the media group he chairs, put US$32 million into a then-obscure Web company called Tencent. Its stake today is worth US$66 billion - roughly equal to Naspers' entire stock market capitalisation. To prove he's capable of more successes like Tencent, Mr Bekker is scouring the globe in search of new tech deals.
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