How to Buy Tencent Essentially for Free
Longtime readers may know I think that Tencent (OTC: TCEHY) is the best company in China, and the best positioned to weather the current regulatory crackdown.
Yet I don't own any Tencent shares. That's because since I have a very long time horizon, I've decided to own Tencent through its largest shareholder Naspers (OTC: NPSNY), as well as Naspers' spinoff, Prosus (OTC: PROSY).
That's because both entities, which own a large stake in Tencent and other companies in emerging markets, began to trade at a discount to the value of their stakes in Tencent alone -- not to mention their other holdings in classifieds, food delivery, fintech, and education tech companies in developing markets.
Source Fool.com
