joining us to discuss, naspers ceo.ng story of how they transformed themselves 30 years ago. tell us about the recent share sales. why did you think you needed these billions of dollars to build naspers of the future? >> thanks a lot for having me, emily. the main reason we freed up our capital is driven by opportunity. we have been focusing building our e-commerce business in class at -- classified and online for delivery. we realized there is so much for the opportunity to pursue. shore up theted to balance sheet and give us the capacity to do that. apeat the model of finding great business, finding a way entrepreneur, putting our backing behind him, and making a great company grow. small to walk away from a stake in tencent is risky given how fast the company continues to grow. where do you plan to put this money? where do you see that opportunity? bob: what we see basically -- of an amazingcent is company. probably one of the most impressive growth stories anywhere in the world today. but what we also see is that we

us is naspers c.e.o. bob van dijk. story of how naspers transformed from a print media company.bout the recent share sales, why did you think you of dollars illions now to build the nas appears of the future much. bob: thank you for having me. the main reason why we freed up more capital is driven by opportunity. we have been focussing building our e-commerce business and classified and entertainment and online food delivery, and we scale.ting to we realize there's further opportunity for us to pursue and to shore up the balance sheet and give the capacity to do that. model of finding a great business and entrepreneur, putting the and making a him great company grow. >> to walk away from a small is risky given how the company grows, where do you plan money?the where do you see that opportunity. >> what we see, basically. ten ten is an amazing k one of the most impressive stories anywhere in the world. 120 we see is we've built businesses, and they are not done. looking forue to be the right entrepreneurs, we find them. we just them and give them a lot of run way and do it again

emily: that was naspers' ceo bob van dijk.ce has announced a $200 billion investment in the u.k.. we talked to be secretary of state for digital media on all future tech investments into the u.k., next. this is bloomberg. ♪ ♪ emily: the u.k. government is making it a point to show off the country's taxi. despite the price of distraction, they're working to secure the economic rewards of being a destination for digital investment. this week, they unveiled the london cyber innovation center after announcing billions in new investment from overseas. with this amongst the international companies showing some love. bloomberg's caroline hyde spoke with the u.k.'s secretary of state for digital media and sport. matt large technology coming : from across the world are not only welcome here to invest, to expand operations, but they are doing so with great pace. salesforce, you mentioned, over the last two years, we have had major investment decisions from apple, google, ibm, amazon, a couple of weeks ago. samsung opening their facility

emily: your stake in tencent is worth more than naspers overall.our strategy to close that gap? bob: we are of course a company that is quite diversified, so you would expect a certain discount to be for us, normal to trade at. for us, there are structural other factors that make our lives a little different from others, but fundamentally, what we focus on doing is find these great entrepreneurs that build great businesses. actually, the last set of results are good examples where we see very strong growth in the e-commerce business growing close to 40%, accelerating year-over-year, and our core e-commerce investment starting profitable. building great businesses is what we do. emily: you said you look at listing some business units individually. curious which of your businesses do you think are listing ready? bob: we are looking at a broad set of options to which businesses can actually help us over time to unlock this value. there is a broad set of options we have. we have done it many times in the past. for example, we have an online food delive

naspers is one way to buy t i continue to like alibaba and through altaba, aaba is a way to buy it. >ple and especially microsoft. valuations have been getting a bit richer for a number of these stocks but not as much for apple. how much does that valuation issue come into play for the tech sector to put money going forward? >> it trades 15 times earnings, projected growth is 25%. there may be concerns about their exposure to china, 19.5% of sales or maybe some sort of tariff on some sort of relation to building their phones that stock frrks a valuation perspective, to me that would still be very attractive we'll have to kind of wait and see how this plays out, as we mentioned, with the ecosystem and apple. that is definitely a stock that should do well going forward so we'll have to see. >> all right paul, dan, thanks for giving us some insight on what to do with these tech stocks and quite interesting geopolitical environment. >> thank you. >> coming up, the future of uber and its second largest market. a judge deciding the fate of the n de-hailing company today i london we'll bring

as the original democratic sponsor of nasper, i've been a long-time champion of pdmp's as public health tools that can prevent and respond to opioid abuse. the role of pdmp's in the current opioid epidemic has proven why our long-time interests and push for investments in this space is so critical. as the technology has matured, we've moved from working towards the goal of ensuring the interstate sharing of pdmp data to now aiming to make pdmp's more interconnected, realtime, and useble for public health surveillance and clinical decision making. in continuing to strengthen pdmp's, we'll improve our ability to prevent addiction from occurring in the first place, and help identify individuals who could benefit from treatment or opioid use disorder. i wted to urge my colleagues, obviously, to support this legislation. and, mr. speaker, i know we've been here, gss, for about four hours now. we're done with the suspensions bills that are part of this opioid package. and i don't mean to negate in any way this package. i do think it's important. but i still want to say, as we conclude today,