It’s a Small World After All: Facebook’s Russian Investor–Who Just Got $300 Million From a Chinese Investor

Naspers, a South African international media group said one of its subsidiaries was taking a nearly 30 percent stake in Digital Sky Technologies.

Russia-based DST has made a splash in Silicon Valley by investing massive gobs of money in high-profile, social-focused U.S. Internet companies, such as Facebook, Groupon and Zynga.

Both Naspers and DST are already close, as co-owners of Mail.ru, a large Russian Web firm with email, social networking, gaming and entertainment businesses.

Naspers said it will be contributing its 39.3 percent stake in Mail.ru into DST, as well as investing $388 million in cash in it.

In April, another international multimedia giant, China’s Tencent, invested $300 million in DST, giving it just over a 10 percent stake in it.

And, drum roll…Naspers owns 35 percent of Tencent.

It’s not clear what to make of this developing international spiderweb of digital and media companies, except to ask: What will DST do with all that new money now?