Browsing: Tencent

News
MWeb to tackle public Wi-Fi market

MWeb plans to tackle the incumbents in the public Wi-Fi hotspot market in South Africa with an aggressively priced offering of its own. The Internet service provider, which is owned by media group Naspers, plans to launch the product this weekend at Canal Walk, a large shopping mall near Cape

News
Naspers spending to knock earnings

A focus on developing classifieds websites and building digital terrestrial television networks in Africa will lead to a big increase in development spending by Naspers in the second half of its current financial year, the media and Internet group said on Tuesday

Duncan McLeod
Snapchat valuation points to new bubble

It emerged this week, in an article in the Wall Street Journal, that Snapchat, a Californian start-up that develops a smartphone app of the same name popular among teens, recently spurned a US$3bn-plus all-cash offer from Facebook to buy it out. The offer value was at least three times the already

News
iPhone, Android BBM downloads top 10m

BlackBerry appears to have scored a hit among Android and iPhone users with its BlackBerry Messenger (BBM) application. According to the company, the long-delayed app has been downloaded more than 10m times in just 24 hours after release on the two platforms

Duncan McLeod
The astonishing rise of Naspers

Naspers is within a whisker of smashing through R1 000/share for the first time and reaching a market capitalisation of R400bn thanks to an 80%-plus surge in its share price in the past 12 months. The growth in its value in recent years has been nothing short of

News
Tencent now a $100bn company

The market capitalisation of Tencent has rocketed through US$100bn for the first time, helping lift the share price of South Africa’s Naspers, which holds a one-third stake in the fast-growing Chinese Internet company, nearer to the R1 000/share level. In trading in Hong Kong on Tuesday

In-depth
Meet Naspers’s geek in chief

DStv Online CEO John Kotsaftis, 41, is the quintessential geek. He tells me as much when I sit down to interview him in one of the boardrooms at DStv Online’s offices in Randburg, Johannesburg. His love of technology started with a friend’s gaming console. “He got an Atari

News
Tencent boom for Naspers

Naspers’s decision, 12 years ago, to buy a stake in Chinese instant-messaging, entertainment and online advertising company Tencent continues to pay big dividends for the South African-headquartered media and technology group. Financial results published on Tuesday

News
Naspers leaps on Tencent numbers

Media and technology group Naspers’s share price touched fresh record highs on Wednesday after China’s largest Internet company, Tencent, in which it holds a 34% stake, beat analysts’ expectations in the first quarter. According to Bloomberg, net income of just over 4 billion

Podcasts
TalkCentral: Ep 76 – ‘Bruised’

What’s up with Apple’s share price? That’s the question we ask in the third TalkCentral podcast of 2013. Your hosts, Duncan McLeod and Craig Wilson, bring you another packed episode of news and app picks as well as winners and losers. On the agenda this week, we speculate about Apple’s

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