Digital Sky Technologies, Naspers and Tencent are amongst the hottest digital media investment actors in Russia, South Africa and China.
And now they’re moving in on western markets, starting with eastern Europe and including stakes in Facebook, Zynga and Groupon.
This Economist piece is a must-read for anyone looking to understand how they do it, and shows how they work together…
“The three firms can be seen as a block. For one thing, they are financially intertwined … the firms are on the same mission: finding promising internet companies in countries where Western investors rarely dare to go …
“‘We spend an enormous amount of time on sharing knowledge,’ says Antoine Roux, the boss of (Naspers’) MIH … internet investing is going global and the West is losing its monopoly.”