Browsing: Tencent

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Naspers sees education as new growth market

Naspers plans to expand in education software as Africa’s biggest company by market value searches for a repeat of the profitable bet it made on China’s Tencent. The owner of Africa’s biggest pay-television

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Naspers video assets under pressure

Naspers’s video entertainment assets, which include DStv operator MultiChoice, have come under severe margin pressure as investment in ShowMax and weak currencies in many of its markets put downward pressure on its trading

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Naspers core earnings up by a quarter

Naspers expects its core headline earnings to rise by as much as 28% in the six months to end-September 2016 compared to the same period a year ago. The JSE-listed global technology and media giant said

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Tencent profit soars

Tencent Holdings, in which South African technology and media giant Naspers holds an approximately one-third stake, posted a 43% rise in third-quarter profit as its ability to attract Chinese gamers and social media mavens fuelled advertising growth. Net income climbed to

Editor's pick
Naspers worth less than what it owns

Fifteen years ago, a South African media company invested US$34m in an obscure Chinese Internet developer. Today that stake is worth $88bn. All Naspers, now Africa’s most valuable company, has to do is figure out how

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Tencent now China’s most valuable company

Tencent Holdings, in which South Africa’s Naspers has a 34% equity stake, has surpassed China Mobile to become the country’s most valuable corporation, underscoring the growing importance of a vibrant private economy

In-depth
Inside Tencent’s insane new HQ

Just across the border from Hong Kong in southern China, two gleaming towers of glass and steel are rising in a city long known for its manufacturing prowess. This is the new headquarters for Tencent Holdings, a US$599m

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Bekker warns of challenges for Naspers

Naspers is facing challenges from weaker African currencies and competition from US technology operators as the continent’s biggest company by market values tries to grow its Internet and pay-TV businesses. Foreign-exchange movements

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Naspers rides high on soaring Tencent

Tencent Holdings, in which South African media and technology group Naspers holds a 34%, posted a second quarter profit that beat analysts’ expectations as the company lined up more mobile games and media

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