Not Worth Owning Tencent Through Naspers
Source: SeekingAlpha
2025-06-01 04:52:58 ET
Summary
- Naspers is mainly dictated through Prosus by the fortunes of Tencent.
- The discounts have closed since our last coverage. It's looking more fair now, considering possible tax effects from a theoretical liquidation of Tencent as an early investor.
- We quite like Tencent on a first pass, but it may be time to look at it directly, especially when the venture-style exposures may not have market backing.
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Not Worth Owning Tencent Through Naspers
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