Naspers wants to spend about $1-billion in India this year as it scours the globe for investments that can replicate its blockbuster bet on China’s Tencent, a person familiar with the matter said.
Tencent Holdings’ quiet recovery has turned dramatic, leaving traders to wonder whether there’s a hidden reason behind the stock’s latest leg up.
Uber Technologies is in talks to sell its Uber Eats operations in India to rival Swiggy, less than two years after it entered the country’s competitive food-delivery business, according to a person familiar with the negotiations.
It’s hard to believe now that between February 2000 and October 2001, the Naspers share price fell from R96 to less than R15.
China is stepping up its efforts to rein in the country’s Internet, singling out Tencent’s popular news app for spreading vulgar information while shutting down more than 700 websites and thousands of apps.
Allen Zhang stepped on stage to wrap up a long day of presentations at a Tencent Holdings conference. Four hours later, the WeChat founder had methodically torn apart his own brainchild before mapping out the next act for China’s premier super-app.
The Chinese Internet giant seems set on building out the long tail, maximising value beyond mainstream usage of its core products.
TikTok has become one of the most downloaded mobile apps for Apple and Android devices, unseating the likes of YouTube, Instagram and Snapchat.
Apple won’t be placing a giant booth at the big CES tech trade show starting on Sunday in Las Vegas, but its recent sales warning – and the country it blamed for the shortfall – will undoubtedly be the talk of the show.
China has approved 80 new videogame titles in the first batch of licences granted by the media regulator after the end of a nine-month freeze.