Honour of Kings, Tencent’s flagship videogame, announced a record 100 million daily active users worldwide and said it was expanding into other genres.

Huawei Technologies plans to build a chip plant in Shanghai without using American technology as it seeks a new strategy to overcome increasingly tight US sanctions, the Financial Times reported.

Naspers spin-off Prosus, which became Europe’s largest technology company this week, has always been something of a Gordian knot for investors.

Eskom on Friday said it made a net loss of R20.5-billion in its financial year ending in March 2020, down slightly from R20.9-billion the previous year.

Naspers’s European-listed Internet investment holding company Prosus announced on Friday that it plans to acquire up to $5-billion in both Naspers and Prosus shares in a massive share buyback programme.

Google and the US justice department are set to face each other in court on Friday for the first time since the government sued the company for illegally monopolising Internet search.

MTN Group said on Friday it had now exited its 18.9% stake in African online retailer Jumia, making R2.3-billion in net proceeds.

Just as the US government starts looking to rein in, or even break up, big technology companies in the belief they have too much power, China is going in the opposite direction.

MTN South Africa delivered strong subscriber growth in the third quarter of 2020, propelled higher by an advance in prepaid users. This, coupled with surging demand for data, helped lift revenue and margins.

Alphabet rallied, Apple sank and Twitter tumbled on Thursday after a mixed bag of quarterly reports from top-tier technology companies.