Browsing: Tencent

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Tencent, e-commerce lift Naspers

Chinese Internet giant Tencent and e-commerce businesses have helped lift Naspers’s revenues by 6% to US$12,2bn for the financial year ended 31 March 2016. In its full-year results, Naspers reported on Friday that its

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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

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Tencent leads $8,6bn deal for Supercell

Tencent Holdings, in which South Africa’s Naspers holds an approximately one-third stake, will lead a US$8,6bn acquisition of game maker Supercell, getting its hands on some of the industry’s most popular mobile titles through

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Naspers core profit to rise as much as 20%

Naspers, Africa’s biggest company by market value, said it expects to report that full-year earnings rose as much as 20% when one-time items are excluded. The “core headline” figure for the

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Naspers said to be mulling sale of Allegro

Naspers, Africa’s biggest company by market value, is planning to sell its Polish online auction website Allegro, according to people with knowledge of the matter. The global Internet and entertainment group has hired Morgan Stanley to advise

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Naspers is now worth a trillion rand

Renewed bullishness towards media and Internet giant Naspers has pushed its market capitalisation above R1 trillion for the first time. On Tuesday, Naspers’s share price jumped to a new all-time high of R2 320,73, pushing its

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Naspers pumps R3,9bn into India’s ibibo

Naspers has announced it is investing a further US$250m (about R3,9bn) in Indian online travel venture ibibo Group. The investment will be focused on extending ibibo’s leadership position in the Indian hotels category and on additional

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Best and worst performing tech shares in 2015

Huge Group, Adapt IT and Net1 UEPS Technologies top the list of the best performing technology shares on the JSE in 2015. In a difficult economic environment, the three counters have far outperformed the overall market, adding 95,2%, 58,5% and 55,5% respectively over the past 12 months

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