The internet and media conglomerate, which holds stakes in firms such as Tencent, Flipkart and Mail.ru, will look to expand its reach further into the US.

South Africa-based internet and media group Naspers is looking to expand its investments in US-based startups, chief executive Bob van Dijk has told Bloomberg Business.

Originally founded in 1915, Naspers has effectively ridden the growth in e-commerce and internet technology on the back of an early investment in Tencent, the China-based internet portal that has grown into one of the industry’s biggest players.

Naspers’ 34% share of Tencent is alone worth about $60bn, but the firm also holds stakes in…