China’s Meituan Dianping just became the world’s fourth most valuable start-up, reaching a US$30bn valuation that puts it ahead of high-fliers like Airbnb and Space X. Never heard of Meituan? You’re not alone. The Beijing-based
Browsing: Tencent
Naspers should buy back its own shares to take advantage of the discount between Africa’s biggest company and its stake in Chinese Internet giant Tencent, according to veteran emerging markets investor
Self-censorship is kicking in fast on WeChat as China’s new rules on message groups casts a chill among the 963m users of Tencent’s social network. Regulations released on 7 September made creators of online groups responsible
Tencent Music Entertainment Group, controlled by China’s biggest social network operator, is seeking new funding at a US$10bn valuation ahead of an initial public offering, people familiar with the matter said. The operator
Naspers CEO Bob Van Dijk said five years of heavy e-commerce investments are bearing fruit, which should prove to investors that the assets are worth more than they think. Van Dijk is seeking to show shareholders that
Chairman Koos Bekker countered criticism that Naspers relies too heavily on its $132bn stake in Chinese media company Tencent by reminding investors that they would have been a lot poorer if he’d given in to similar pressure
HTC is exploring its options. That’s exactly what the former smartphone high flyer should be doing. An adviser has been engaged and the Taiwan manufacturer is considering bringing in a strategic investor. A full or partial
Naspers has pierced the R3 000/share barrier for the first time, trading briefly at R3 001/share on Wednesday afternoon on continued optimism over China’s Tencent, in which it holds a 33.2% stake. The JSE-listed technology
Naspers shareholder Allan Gray plans to vote against the remuneration policy of Africa’s biggest company because it isn’t aligned to the performance of the business outside a stake in Chinese media giant Tencent. Naspers
There’s only one stock in Asia that’s really mattered this year – Tencent Holdings, in which South Africa’s Naspers has a 33.2% stake. A 76% surge in its Hong Kong shares has lifted the company’s value by US$175bn (R2.3 trillion