On November 25, Prosus, the Dutch subsidiary of South Africa's Naspers, the largest shareholder of Tencent Holdings, disclosed the latest asset data. As of November 23,It held 2.613.7 billion shares of Tencent Holdings, down 78.9 million shares a month from Oct. 28.
In June this year, the firm began to reduce its holdings in Tencent, and temporarily suspended its holdings from September to October when Tencent's stock was under considerable downward pressure.
It was reported thatAfter 20 years of investment in Tencent, Naspers Group has made more than 7,000 times of profits from Tencent.
It is reported that MIH TC Holdings Limited, a subsidiary of the holding company Prosus of Naspers, a multinational listed media conglomerate based in South Africa, became the largest single shareholder of Tencent 20 years ago when it acquired a 45.5 per cent stake from PCCW, IDG and Tencent's main founders.
According to Tencent's financial results for the third quarter of this year, the operating revenue of Tencent was 140.093 billion yuan, with the year-on-year decline narrowing to 2%.Net profit was 32.254 billion yuan, up 2 percent year on year, stabilizing after four consecutive quarters of decline.