Tencent posted quarterly earnings that missed the lowest analyst’s estimate after a weakening economy hurt advertisement revenue.
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The newly appointed board of 4Sight Holdings said it expects the suspension of its shares from trading will take place when it publishes its delayed interim results on 30 November.
Masayoshi Son struck a defiant tone after his SoftBank Group reported an enormous loss from investments in money-losing startups WeWork and Uber Technologies.
Four more directors have quit the board of 4Sight Holdings, though the latest shake-up, which includes the appointment of seven new directors, may finally bring some stability to the troubled company.
Investors are getting constant reminders that it’s not cheap for technology giants to stay on top.
A flurry of large trades in Naspers affiliate Tencent shows Asia’s biggest stock will struggle to avoid its worst week in months.
Jeff Bezos is about to relinquish the title of world’s richest person to Bill Gates, as Amazon.com shares tumbled in late trading on Thursday.
Tencent’s accelerating sell-off could get a lot worse if the stock fails to hold above its key support level.
JSE-listed vehicle telematics company Cartrack has delivered a strong set of financial results for the six months ended 31 August 2019, reaching a million subscribers for the first time.
Naspers affiliate Tencent’s shares are dangerously close to losing a key support level.