Browsing: QQ

Naspers leaps on Tencent numbers

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Media and technology group Naspers’s share price touched fresh record highs on Wednesday after China’s largest Internet company, Tencent, in which it holds a 34% stake, beat analysts’ expectations in the first quarter. According to Bloomberg, net income of just over 4 billion

Tencent makes move on Africa

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China’s Tencent, in which JSE-listed Internet and media group Naspers holds a 35% stake, appears to have designs on the African market and is preparing to ramp up focus on South Africa and Africa more broadly with its WeChat platform. Tencent, well known in China for its QQ

Football propels DStv subscriber growth

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MultiChoice, which operates the DStv satellite television service, grew revenues by 19% to R21bn in the past financial year, despite the introduction of competition in SA’s pay-TV market. In the year to 31 March 2011, MultiChoice added almost 1m subscribers

Is Facebook really worth $50bn?

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We’re pretty used to hearing outlandish valuations on Internet companies that, if they were people, would be barely out of nappies. It happened during the first dot-com boom, and it’s happening again now. But news that Facebook is