Losses at Naspers' e-commerce unit narrow but Tencent still dominates

Losses at Naspers' e-commerce unit narrow but Tencent still dominates

A logo sits on display inside the headquarters of Napsters Ltd., at the Media24 Ltd. office complex in Cape Town, South Africa. Photographer: Halden Krog/Bloomberg

South African internet giant Naspers reported a sharp narrowing of losses at its e-commerce unit on Friday, boosting chief executive Bob van Dijk’s efforts to cut the company’s dependence on its Chinese money spinner Tencent.

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