Naspers eyes Hong Kong listing for e-commerce arm

It houses assets like OLX.

Reuters reports that South Africa’s Naspers is eyeing a listing of its e-commerce ventures in Hong Kong or New York as part of its efforts to narrow the discount between its market value and its Tencent stake.

Naspers, which is Africa’s biggest company worth US$106b with equity-style investments in online marketplaces like auction sites, classified and online retail, has a 31% stake in Tencent.

“We are looking at listing part of our business on other exchanges and Hong Kong is one of our options, U.S. is an option and there are other options as well,” Bob van Dyk told Reuters on the sidelines of BRICS summit.

Naspers’ ecommerce division houses assets like OLX, the biggest classifieds site in India and Brazil.

Here’s more from Reuters: