Browsing: QQ

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

Shares in South African-headquartered media, communications and e-commerce giant Naspers leapt higher on Wednesday on the back of strong results from China’s Tencent, in which it holds an approximate one-third stake. Naspers was trading up by more than 8,5%

Shares in JSE-listed technology and media group Naspers took a battering on Friday as investors turned sour on Tencent, the fast-growing Chinese communications and e-commerce company that owns chat programs WeChat and QQ. Reuters reported that Naspers’s shares were off by their biggest one-day

A month ago, Bloomberg proclaimed the chairman of Tencent, Ma Huateng, to be China’s richest man, with a wealth of US$13bn based on Tencent’s Hong Kong-listed shares, of which he owns 10%. His family name Ma means horse, so the Internet

Facebook is stumping up US$19bn in cash and shares to buy popular instant messaging platform WhatsApp, which has 450m active monthly users and which is adding a million new users a month. The deal could have been driven, at least in part, by a “potentially massive threat from the

Naspers’s share price has added nearly a third in the past three months and has more than doubled in the past year as investor excitement in its Chinese affiliate, fast-growing communications and e-commerce firm Tencent, reaches fever pitch

There’s an online land grab of the sort not seen since the dot-com bubble taking place in the global instant messaging (IM) market. WhatsApp Messenger, WeChat (partly owned by South Africa’s Naspers), Hangouts, Skype and BlackBerry Messenger, along with several smaller

Naspers is within a whisker of smashing through R1 000/share for the first time and reaching a market capitalisation of R400bn thanks to an 80%-plus surge in its share price in the past 12 months. The growth in its value in recent years has been nothing short of

The market capitalisation of Tencent has rocketed through US$100bn for the first time, helping lift the share price of South Africa’s Naspers, which holds a one-third stake in the fast-growing Chinese Internet company, nearer to the R1 000/share level. In trading in Hong Kong on Tuesday

Naspers’s decision, 12 years ago, to buy a stake in Chinese instant-messaging, entertainment and online advertising company Tencent continues to pay big dividends for the South African-headquartered media and technology group. Financial results published on Tuesday