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Blue Label Telecoms expects to report an improvement of up to 38% in headline earnings per share for the year ended 31 May 2022.
Tencent Holdings logged its first-ever decline in quarterly revenue, becoming the latest victim of a worsening Chinese economy.
US Internet giant Google has acquired a stake in East African e-logistics company Lori Systems for an undisclosed sum.
Tencent plans to sell all or a bulk of its R400-billion stake in food delivery firm Meituan to placate domestic regulators, sources said.
Just 18 months ago, Tencent Holdings was on the cusp of becoming Asia’s second trillion-dollar company. No more.
The Takeover Regulation Panel has accused Rain of flouting companies regulations in announcing its plan to approach Telkom’s board about a merger.
DataProphet, a player in artificial intelligence and autonomous manufacturing technologies, has secured a further $4.5-million in series-A funding from existing investors.
Elon Musk sold $6.9-billion of his shares in Tesla, his biggest sale on record, saying he needed cash in case he is forced to buy Twitter.
African start-ups are expanding into Europe and other parts of the world, betting on providing more affordable services with a growing tech talent pool.