The extent of the Chinese tech stocks’ underperformance when compared to the US is astounding. By Anchor Capital’s Seleho Tsatsi.
Omicron has breached the political, financial and technology centres of China for the first time, raising concerns about global supply chains.
Tencent Holdings is nearing a deal that could help the tech behemoth further its ambitions for the metaverse.
Prosus CEO Bob van Dijk has purchased about $10-million of the company’s shares on the open market.
China’s tech stocks fell once again on Wednesday as firms backed by Tencent Holdings came under pressure after the firm pared investment in the sector for a second time in two weeks.
MTN Group had a barnstorming 2021. The telecommunications group, despite its size, was the best performer among technology shares in South Africa last year.
Tencent will hand a R258-billion JD.com stake as a dividend to its shareholders, raising questions about its plans for other holdings.
Chinese Internet giant Tencent Holdings has invested in South African digital bank TymeBank.
China has required Tencent Holdings submit any new apps or updates for inspection before they can be uploaded, according to a report.
Prosus plans to invest further in its fast-growing online car dealership business, expanding an e-commerce empire that already includes payments, food delivery and education.