Browsing: Tencent

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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

In-depth
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

In-depth
What’s next for Naspers

There can be little argument that over the last 10 years, Naspers has been one of the best investments in the world. The share price has seemed to be on an unstoppable growth trajectory as it has

News
WeChat to pump R50m into tech start-ups

WeChat Africa has announced plans to invest R50m in technology start-ups in Africa “to support local entrepreneurs and technology innovations”. WeChat, which is developed by Tencent

News
Naspers reports 24% leap in revenue

Online businesses helped spur on a 24% year-on-year revenue growth at Internet and media giant Naspers. In its interim results announcement on Friday, Naspers reported that its revenue measured on an economic interest base topped R74,3bn for the six months ended September 2015

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Naspers falls on capital raising

Shares in technology and media giant Naspers came under selling pressure late on Friday afternoon after it announced plans to raise as much as US$2,5bn (about R36bn) through a capital-raising exercise. Shares in Naspers were trading down by almost 4% shortly

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Naspers expects big leap in earnings

Naspers expects headline earnings per share for the six months ended 30 September 2015 to have leapt by between 25% and 30% compared the same interim period a year ago, the media and technology group said on Friday

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