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
Browsing: Tencent
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
Across the world, people are ordering dinner to the Eiffel Tower, breakfast on Bondi Beach, lunch alongside the Tokyo Imperial Palace and picnics to Emmarentia Dam. The explosion in app-based food ordering is
A key stumbling block in trade negotiations between China and the US has been Beijing’s extensive support for its technology firms. But if US President Donald Trump’s administration thinks that will change any
Despite the enormous run-up in global technology stocks in the past five years – and the recent stomach-churning volatility – the market isn’t repeating the dot-com euphoria of 1999 and South African investors would
Late on Friday, Naspers CEO Bob van Dijk and chief financial officer Basil Sgourdos spoke to analysts about the group’s decision to sell 2% of its stake in Chinese Internet giant Tencent. Van Dijk explained the rationale