Browsing: Naspers

Tencent Music said to set $10bn valuation

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Tencent Music Entertainment Group, controlled by China’s biggest social network operator, is seeking new funding at a US$10bn valuation ahead of an initial public offering, people familiar with the matter said. The operator

Naspers sees e-commerce closing value gap

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Naspers CEO Bob Van Dijk said five years of heavy e-commerce investments are bearing fruit, which should prove to investors that the assets are worth more than they think. Van Dijk is seeking to show shareholders that

Koos Bekker lashes critics at Naspers AGM

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Chairman Koos Bekker countered criticism that Naspers relies too heavily on its $132bn stake in Chinese media company Tencent by reminding investors that they would have been a lot poorer if he’d given in to similar pressure

Naspers smashes through R3 000/share

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Naspers has pierced the R3 000/share barrier for the first time, trading briefly at R3 001/share on Wednesday afternoon on continued optimism over China’s Tencent, in which it holds a 33.2% stake. The JSE-listed technology

Allan Gray takes aim at Naspers pay policy

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Naspers shareholder Allan Gray plans to vote against the remuneration policy of Africa’s biggest company because it isn’t aligned to the performance of the business outside a stake in Chinese media giant Tencent. Naspers

Showmax, Vast to offer free show downloads

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Showmax and Vast Networks, the open-access Wi-Fi provider owned by Dimension Data and Naspers, have reached an agreement to provide zero-rated access to the streaming content provider’s shows and movies for

The astonishing rise of Tencent

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There’s only one stock in Asia that’s really mattered this year – Tencent Holdings, in which South Africa’s Naspers has a 33.2% stake. A 76% surge in its Hong Kong shares has lifted the company’s value by US$175bn (R2.3 trillion