Naspers creates VOD unit as Netflix rivalry heats up
The company establishes the over-the-top video unit in a bid to counter stiff competition for video-on-demand from global players such as Netflix.
Naspers sells Flipkart stake to Walmart for $2.2bn
The South African Internet and entertainment firm sells its entire 11.18% stake in Indian e-commerce firm Flipkart to Walmart for $2.2 billion.
Tencent loses $24bn in market cap after Naspers' selldown
China's Tencent saw its shares down 4.51% today after its largest shareholder said it would lower its stake for the first time in 17 years.