Tencent, in which South Africa’s Naspers holds a 33% stake, rose to a record high after posting accelerated sales growth and topping the most optimistic of analyst estimates. The shares climbed 2.3% to a
Author: Agency Staff
Tencent has posted its strongest growth in more than seven years, riding the success of games like Honour of Kings and a rapidly expanding Internet advertising business. Shares in Johannesburg-listed Naspers, which owns a third of
Bitcoin climbed as much as 10% on Zimbabwe’s Golix exchange on Wednesday after the country’s armed forces seized power. The price of the cryptocurrency in the Southern African nation jumped as high as US$13 499, almost
Airbnb doubled net revenue in the third quarter and remains on a profitability streak, as the business builds toward an initial public offering expected next year, according to people familiar with its
Apple is working on a rear-facing 3D sensor system for the iPhone in 2019, another step toward turning the handset into a leading augmented-reality device, according to people familiar with the plan. Apple is evaluating a different
Naspers is keen to continue its search for e-commerce and tech investments, with Africa’s biggest company happy to deploy a sizeable war chest in its hunt for deals. “We have several billion in cash and
Ride-hailing companies like Uber Technologies will see demand boom between now and 2040, hobbling global auto sales growth, according to a new study from IHS Markit. As a growing number of consumers turn to ride-hailing
Deputy President Cyril Ramaphosa said the governing ANC must restore investor confidence and avoid populist policies in order to revive the struggling economy. Bold, decisive action is needed to change South Africa’s growth trajectory
Qualcomm has formally rejected Broadcom’s US$105bn acquisition offer, kicking off what would be the largest technology takeover battle in history. Qualcomm recommended shareholders spurn the deal, saying it’s an opportunistic
The World Wide Web is 28 years old. But these days it often appears to have the growing pains of a teenager. There’s the scourge of fake news, growing pockets of censorship around the world