South Africa’s benchmark equities index is set to erase its 2020 drop, staging a spectacular snap-back from its March trough following a surge in shares of market heavyweight Naspers.
Browsing: Tencent
A $20-billion fund-raising spree may take India’s Reliance closer to its dream of becoming a digital giant, further threatening the plans of US companies such as Amazon.com, Walmart and Zoom.
White House adviser Peter Navarro said he expects US President Donald Trump to take “strong action” against Chinese-owned social media apps TikTok and WeChat for engaging in “information warfare” against the US.
Tencent Holdings, China’s biggest social media and videogame company, launched a new California-based studio this week, as it looks to further expand its presence overseas.
China over the past decade built an alternate online reality where Google and Facebook barely exist. Now its own largest tech corporations are getting a taste of what a shutout feels like.
South African shares are about to round off their strongest quarter in almost two decades, and the influence of the coronavirus pandemic is clear to see in the shares most responsible for driving the market higher.
Naspers affiliate Tencent is buying certain assets of iFlix, a struggling streaming platform with about 25 million users focused in South and Southeast Asia.
China has penalised 10 of the country’s most popular live-streaming apps, suspending some of their operations in a renewed crackdown on fast-growing services.
Chinese technology giant Tencent Holdings will invest about R1.2-trillion over the next five years in technology infrastructure including cloud computing, artificial intelligence and cybersecurity.
ByteDance’s valuation has risen at least a third to more than $100-billion in recent private share transactions, people familiar with the matter said.