Tencent’s quarterly earnings missed estimates after China’s economic slowdown eroded its core gaming business and the cost of fending off ByteDance and other rivals rose.
Author: Agency Staff
SoftBank Group told shareholders of WeWork that it could withdraw from an agreement to buy $3-billion of stock in the co-working business, casting doubt on a deal that had been set to close in about two weeks.
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The South African Reserve Bank has warned the public that it is not withdrawing banknotes and coins due to the coronavirus outbreak.
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Eskom contracts with five international companies will be scrutinised by South African state investigators as part of a widening probe into corruption at the debt-laden state-owned utility.
Naspers affiliate Tencent picked up millions of new gamers during the global coronavirus outbreak. That helped the company gain $25-billion of market value up to 5 March, before a global market rout torpedoed the stock.