Browsing: Tencent

Naspers plunges on Tencent sell-off

Shares in JSE-listed technology and media group Naspers took a battering on Friday as investors turned sour on Tencent, the fast-growing Chinese communications and e-commerce company that owns chat programs WeChat and QQ. Reuters reported that Naspers’s shares were off by their biggest one-day

Duncan McLeod
WTF, Zuck?

Nineteen billion dollars. Two hundred and ten billion rand. Nearly R500/user. That’s how much Facebook has agreed to pony up for WhatsApp, the fast-growing but still very much loss-making cross-platform mobile instant messaging platform. It’s a daring – perhaps insane – bet by Facebook’s

Koos Bekker steps down as Naspers CEO

It’s the end of an era. Naspers has announced that its long-serving CEO, Koos Bekker, 61, is stepping down as CEO. Bekker, who will stand down from the Naspers board for a year, will be succeeded by the media and technology group’s head of e-commerce

What WhatsApp deal means for WeChat

Facebook is stumping up US$19bn in cash and shares to buy popular instant messaging platform WhatsApp, which has 450m active monthly users and which is adding a million new users a month. The deal could have been driven, at least in part, by a “potentially massive threat from the

Naspers rides Tencent to record highs

Naspers’s share price has added nearly a third in the past three months and has more than doubled in the past year as investor excitement in its Chinese affiliate, fast-growing communications and e-commerce firm Tencent, reaches fever pitch

Mxit eyes Indian riches

Stellenbosch-based mobile messaging platform and social network Mxit is taking aim at the vast Indian market, launching the service in the south Asian powerhouse this week in the hope of dramatically expanding its reach. The South African team

Duncan McLeod
WhatsApp, WeChat in race for IM dominance

There’s an online land grab of the sort not seen since the dot-com bubble taking place in the global instant messaging (IM) market. WhatsApp Messenger, WeChat (partly owned by South Africa’s Naspers), Hangouts, Skype and BlackBerry Messenger, along with several smaller

Naspers smashes share price barrier

Internet and media giant Naspers has smashed the R1 000/share barrier in early morning trade on Friday, propelled higher by weakness in the rand – the currency has tumbled to four-year lows this week – and insatiable investor interest in China’s Tencent, in which it owns a one-third stake

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

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

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