Just 10 years ago, publishing and media accounted for 89% of Naspers’s revenue. Today, 79% of its revenue is derived from e-commerce and Internet businesses – and is growing.
Browsing: Tencent
Tencent’s strategy for expanding WeChat Pay globally is pretty straightforward: follow the (tourism) money. It’s a smart strategy. But it’s also decidedly unambitious.
Chinese Internet giant Tencent, in which South Africa’s Naspers has a 31.2% stake, is planning to spin off its online music entertainment business and list its shares in the US through a public offering, the company
The studio behind PlayerUnknown’s Battlegrounds has dropped its lawsuit against the creators of global sensation Fortnite, ending a legal battle between two of the world’s hottest games. PUBG sent a letter of
Naspers has put aside the proceeds of share sales in Chinese Internet giant Tencent and India’s Flipkart to pay for new investments due to the abundance of opportunities in its preferred media and technology markets
Naspers expects to report an increase in earnings for its most recent financial year, bolstered by Chinese Internet giant Tencent and various e-commerce businesses. Core headline earnings per share, which exclude
Traders in China are unwinding positions in Tencent Holdings faster than ever, turning to other targets amid a lack of reasons to push Asia’s biggest stock any higher. Mainland investors sold a net $81m
Tencent Holdings surged after delivering record profit that topped analyst estimates, calming investors who’d braced for a big hit to margins. The stock climbed as much as 7.1% in Hong Kong, its biggest
Tencent Holdings, in which JSE-listed Naspers holds a 31.2% stake, posted first-quarter profit that blew past analysts’ estimates, bolstered by mobile game blockbusters like PlayerUnknown’s Battlegrounds
After the giddy heights of January when its shares hit an all-time high, Tencent Holdings – in which South Africa’s Naspers holds a 31.2% stake – has shed $77bn in value as investors price in the costs of the Internet giant’s massive