Browsing: Tencent

Allan Gray takes aim at Naspers pay policy

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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

The astonishing rise of Tencent

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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

Worries that Naspers is a one-trick pony

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Naspers’s conglomerate discount is widening. Its one-third stake in Tencent Holdings alone is now worth 27% more than the South African Internet company’s entire market cap. After a 70% increase in its stock so far this year

Worries grow over Tencent, Alibaba valuations

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Alibaba and Tencent can count themselves among the world’s costliest technology companies after a stellar run. To justify those lofty valuations, China’s two largest corporations have to deliver on some of the riskiest bets they’ve

Tencent’s plunge reveals its Achilles heel

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Beware of Beijing: that’s the lesson of Friday’s selloff in the shares of China’s most valuable company. Tencent – a stock-market favourite for its 66% surge this year – slid 4.9% in Hong Kong in its steepest drop since February 2016

Tencent tumbles on China Internet crackdown

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China’s online watchdog has launched an investigation into reports of multiple violations at news services run by Tencent, Baidu and Weibo, as the government continues to tighten scrutiny over Internet content. The Cyberspace Administration