After painstakingly reading the Hong Kong Stock Exchange's disclosure, we are more familiar $TENCENT (00700.HK)$The majority shareholder is from South Africa $NASPERS LTD ADR (NPSNY.US)$The relationship with Prosus turned out to be a bit like a “doll” ~
NASPERS max -- PROSUS -- MIH
Naspers controls 72.5% of the international internet asset division Prosus, and Prosus controls 100% of its subsidiary MIH.
According to media reports, Prosus is a holding company that holds the international internet assets of the South African investment company Naspers. It was spun off from Naspers in 2019 and listed on European stocks.
In 1997, MIH, a subsidiary of South African Newspapers (Naspers), entered China. From 2001 to 2002, when the Internet industry was at its lowest, MIH successively purchased 45.5% of Tencent's shares from the main founders of PCCW, IDG, and Tencent, becoming Tencent's largest single shareholder, and the MIH Group's most successful overseas investment so far. Overall, MIH spent about 32 million US dollars to invest in Tencent.