Tencent Holdings’ revenue missed estimates, signalling an uneven recovery for the world’s biggest internet arena.
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Huawei’s cloud services business and a resurgent smartphone unit have helped mitigate the fallout from US sanctions.
An everything app has the potential to be widely adopted. But there are lots of obstacles standing in the way of success.
Apple has opened a store on WeChat, marking an expansion of the US firm’s retail channels in China.
The removal of the cross-holding structure will let Naspers continue its share buyback programme.
Naspers on Tuesday reported a 78% slump in annual profit, led by a drop in the contribution from Tencent.
The tech investor warned its profit dropped significantly last year due to impairments and lower contributions from Tencent.
China’s Tencent Holdings marked a return to revenue growth in the first quarter.
Prosus is exploring potential divestments from fintech company PayU, according to people familiar with the matter.
Naspers-owned Prosus has continued its selloff of China’s Tencent, bringing its stake in the Chinese internet giant to under 26%.