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
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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
Over the past five years, JSE-listed Naspers was the third-fastest growing technology stock in the world with a current market valuation above US$100bn, pipped only to the post by Tencent, in second place, in which it has a 33.2% stake
Google and Tencent have agreed to share patents covering a range of products and technologies, an alliance between two of the world’s largest corporations. The cross-licensing deal comes with an understanding that the search
Tencent-backed Chinese start-up Kuaishou is seeking to raise funds at about a US$17bn valuation, people familiar with the matter said, as it expands its video-streaming service to Southeast Asia. The company is targeting around $1bn
Naspers is in talks to lead an investment of as much as R2.5bn in India’s Swiggy to increase its stake in the online food-delivery company, according to two people familiar with the matter. Africa’s biggest company by market value
Naspers CEO Bob van Dijk said Africa’s largest company will consider “structural options” if the value gap with its stake in Tencent persists. Naspers has a 33% stake in Shenzhen, China-based Internet giant Tencent, valued at
Naspers is being probed by a US law firm over whether Africa’s biggest company by market value was involved in…
China’s Tencent, in which South Africa’s Naspers has a 33.2% stake, may be selling off, but analysts are the most bullish on record. The tech giant fell for the fourth time in five sessions on Tuesday as angst over US technology
Tencent slumped on Friday, putting it in line for its worst week in almost two years, as investors took profit in global technology shares and before the stock’s weighting gets reduced in Hong Kong’s benchmark index. Tencent