South African internet and entertainment group Naspers on Friday raised $9.8 billion (7.8 billion euros) selling two percent of its hugely-profitable stake in Chinese technology giant Tencent.
Naspers' investment in Tencent has been "one of the greatest venture-capital investments ever", according to Bloomberg News.
It said the stake in Tencent that Naspers bought for $32 million in 2001 was valued at $175 billion on Thursday.
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