The Competition Commission has moved to block Naspers’s proposed R1.4-billion acquisition of a 60% stake in WeBuyCars.
Tencent Holdings’ quarterly earnings beat estimates, boosted by gains on investments, giving shareholders much-needed assurance the Chinese gaming behemoth is bound for a revival.
Picture essay | Takealot.com, the online retailer controlled by Naspers, has officially launched its flagship customer collections point on the New Road Bridge in Johannesburg.
Naspers CEO Bob van Dijk has been working for years to solve a problem rivals might envy – getting investors to value the South African firm nearer to its $133-billion stake in Tencent. A plan for a Dutch listing is his boldest step yet.
TechCentral editor Duncan McLeod spoke to Naspers chief financial officer Basil Sgourdos about the group’s plans to list its international consumer Internet businesses in Amsterdam and what happens next.
Naspers, the biggest investor in Chinese tech giant Tencent, is spinning off its main Internet businesses in Amsterdam in a push to boost its value.
Naspers wants to spend about $1-billion in India this year as it scours the globe for investments that can replicate its blockbuster bet on China’s Tencent, a person familiar with the matter said.