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.
Browsing: Naspers
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, the most valuable company on the JSE, will prioritise investments in classifieds, financial technology and food — activities that it could possibly hive off with separate share listings in the right circumstances.
The perennial worry about European technology is that there isn’t a consumer-facing giant to rival the size of Apple, Google, Facebook and Amazon.com. In one fell swoop, it’s about to get one. Sort of.
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.
In a significant move aimed at unlocking shareholder value, Naspers announced on Monday that it will form a new global consumer Internet group that it plans to list in Europe.
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.
Tencent Holdings’ quiet recovery has turned dramatic, leaving traders to wonder whether there’s a hidden reason behind the stock’s latest leg up.