A swathe of the world is adopting China’s vision for a tightly controlled Internet over the unfettered American approach, a stunning ideological coup for Beijing that would have been unthinkable less than a decade ago.
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
Just across the border from Hong Kong in southern China, two gleaming towers of glass and steel are rising in a city long known for its manufacturing prowess. This is the new headquarters for Tencent Holdings, a US$599m
Naspers is one of the most closely watched and debated shares on the JSE. Aside from the fact that it is the bourse’s most pricey share, it has been one of its stellar performers – growing by 430% since 2012. In March 2009, Naspers had a market capitalisation