Tencent Holdings surged after delivering record profit that topped analyst estimates, calming investors who’d braced for a big hit to margins. The stock climbed as much as 7.1% in Hong Kong, its biggest
Browsing: Naspers
Tencent Holdings, in which JSE-listed Naspers holds a 31.2% stake, posted first-quarter profit that blew past analysts’ estimates, bolstered by mobile game blockbusters like PlayerUnknown’s Battlegrounds
After the giddy heights of January when its shares hit an all-time high, Tencent Holdings – in which South Africa’s Naspers holds a 31.2% stake – has shed $77bn in value as investors price in the costs of the Internet giant’s massive
In the TalkCentral podcast this week, Duncan McLeod and Regardt van der Berg chat about communications regulator Icasa’s hearings last week into pay-television in South Africa. What was said, and what is likely to
Africa’s largest company just chalked up another major investment coup. Naspers has netted a cool US$1.6bn profit from the sale of its 11% stake in Indian e-commerce startup Flipkart, a deal almost as lucrative
On the surface, locally listed media and Internet behemoth Naspers doesn’t have much in common with US electric vehicle producer Tesla. But scratch below the surface and the companies have more in common
Walmart is close to finalising a deal to buy a majority stake in India’s leading e-commerce company for at least $12bn and may complete the agreement in the next two weeks, according to people familiar with the matter
Across the world, people are ordering dinner to the Eiffel Tower, breakfast on Bondi Beach, lunch alongside the Tokyo Imperial Palace and picnics to Emmarentia Dam. The explosion in app-based food ordering is
Despite the enormous run-up in global technology stocks in the past five years – and the recent stomach-churning volatility – the market isn’t repeating the dot-com euphoria of 1999 and South African investors would
Late on Friday, Naspers CEO Bob van Dijk and chief financial officer Basil Sgourdos spoke to analysts about the group’s decision to sell 2% of its stake in Chinese Internet giant Tencent. Van Dijk explained the rationale