Naspers sets sights on India

GROWTH: PROSUS CEO UPBEAT THE COUNTRY AND AI CAN PRODUCE A BLOCKBUSTER

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Fabricio Bloisi took over Naspers and its investment arm, Prosus, in July, with a plan to double the 110-year-old group's value within the next four years.

The new CEO and former start-up founder has begun scouring the globe to replicate the blockbuster success of Prosus's $34 million (about R600 million) deal in 2001 to buy 50% of China's Tencent Holdings. That investment made the company about $125 billion.

The 47-year-old Brazilian spoke with Bloomberg about his confidence in picking winners for one of the world's biggest technology investment firms and why he's bullish on India and AI. The transcript has been edited for brevity.

Your plan is to create another $100 billion in value at Prosus over the next few years. What's the biggest barrier to success?