Huawei’s cloud services business and a resurgent smartphone unit have helped mitigate the fallout from US sanctions.
Browsing: Tencent
An everything app has the potential to be widely adopted. But there are lots of obstacles standing in the way of success.
Apple has opened a store on WeChat, marking an expansion of the US firm’s retail channels in China.
The removal of the cross-holding structure will let Naspers continue its share buyback programme.
Naspers on Tuesday reported a 78% slump in annual profit, led by a drop in the contribution from Tencent.
The tech investor warned its profit dropped significantly last year due to impairments and lower contributions from Tencent.
China’s Tencent Holdings marked a return to revenue growth in the first quarter.
Prosus is exploring potential divestments from fintech company PayU, according to people familiar with the matter.
Naspers-owned Prosus has continued its selloff of China’s Tencent, bringing its stake in the Chinese internet giant to under 26%.
Tencent said its self-developed video transcoding chip Canghai has entered mass production.