Naspers lines up $8.2b war chest to scale up e-commerce ventures

Naspers lines up $8.2b war chest to scale up e-commerce ventures

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

Naspers plans to deploy its $8.2 billion war chest to step up growth in its e-commerce ventures, its chief executive said on Friday, part of a push to cut the company’s dependence on its Chinese money spinner Tencent.

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