Naspers, which invested $32m in the internet group in 2001, three years before its IPO, will reduce its stake from 33.2% to 31.2%.
Media and e-commerce firm Naspers has sold HK$76.95 ($9.8bn) of shares in Tencent, the China-based internet group in which it invested $32m in 2011.
Tencent operates a large-scale online services offering centred on its messaging app, WeChat, which has more than 1 billion users. As of the fourth quarter of 2017 it was the fifth most valuable company in the world, and it has a market capitalisation of about $505bn today.
Naspers acquired a 46.5% share of Tencent through its $32m…
