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
Browsing: Tencent
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
Naspers, frustrated that investors give it no credit for its investments other than a stake in Chinese Internet behemoth Tencent, is considering listing some businesses on the stock market to highlight their value
Tencent Holdings has lost US$48bn (R566bn) of market value over two days, pummelled by a warning on margin pressure as well as a surprise sale of stock by its biggest shareholder. Asia’s largest company slumped
Naspers is cashing in a sliver of one of the greatest venture capital investments ever. The Cape Town-based company is selling R126bn of shares in Tencent Holdings, equal to 2% of the stock in the Chinese operator
Naspers plans to lessen its exposure to China’s Tencent by reducing its stake from 33.2% to 31.2%, the JSE-listed technology and media group said in a statement to shareholders on Thursday. It will dispose of up to 190m shares
Tencent Holdings slid in Hong Kong on Thursday after Asia’s most valuable company warned that growing investments in content and technology will compress margins. Its shares fell 2.4 percent in early trade, shaving
Naspers is asking Investec to withdraw an analyst report that it says contains errors and has damaged Africa’s biggest company by market value and its shareholders. In a 22 January report, Investec analysts said the Cape Town-based