Browsing: QQ

Tencent drops after warning on profit margins

Tencent Holdings slid in Hong Kong on Thursday after Asia’s most valuable company warned that growing investments in content and technology will compress margins. Its shares fell 2.4 percent in early trade, shaving

Why Tencent wants to be more like Facebook

Tencent’s rise into a $500bn company was fuelled by a culture of internal competition, where teams raced against each other to make ideas work. To become an advertising powerhouse like Facebook, the internal barriers are starting to

Naspers’s Tencent dominates in messaging

Tencent Holdings’ messaging services were by far the most popular Chinese mobile apps in 2016, leading steady growth in the world’s largest Internet and smartphone market, the government’s online industry overseers said on Sunday. WeChat remained the most

Tencent profit soars

Tencent Holdings, in which South African technology and media giant Naspers holds an approximately one-third stake, posted a 43% rise in third-quarter profit as its ability to attract Chinese gamers and social media mavens fuelled advertising growth. Net income climbed to

Inside Tencent’s insane new HQ

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 rides high on soaring Tencent

Tencent Holdings, in which South African media and technology group Naspers holds a 34%, posted a second quarter profit that beat analysts’ expectations as the company lined up more mobile games and media

Tencent wants to be the next Marvel

Clash of Clans could be the type of tent-pole entertainment that helps Asia’s biggest Internet company build a Marvel-like universe of movies, comic books, online videos and t-shirts. Tencent Holdings, in which South Africa’s Naspers has a

Naspers numbers in a nutshell

Naspers has reported a 65% improvement in revenue from its Internet business on the back of robust performances from Tencent, and its e-commerce businesses. The more mature pay-television business, housed in MultiChoice, also delivered impressive numbers, with revenue rising by 20%. Trading profit, however

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