Naspers, a South African company best known for its early bet on Chinese internet giant Tencent, is building a foothold in Silicon Valley, where it hopes to gain global visibility and access to innovation.
SAN FRANCISCO—Naspers Ltd., Africa’s biggest company best known for its bet on Chinese internet giant Tencent Holdings Ltd., is building a foothold in Silicon Valley. But unlike many other tech investors, Naspers isn’t solely focused on finding its next big hit here.
Rather, the South Africa-based media and internet giant, which opened a San Francisco venture-capital office in 2016, wants to be closer to the flow of innovation and ideas in the Valley and apply that knowledge to its decisions across the globe as it repositions...
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