Fifteen years ago, a South African media company invested US$34m in an obscure Chinese Internet developer. Today that stake is worth $88bn. All Naspers, now Africa’s most valuable company, has to do is figure out how
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Tencent Holdings, in which South Africa’s Naspers has a 34% equity stake, has surpassed China Mobile to become the country’s most valuable corporation, underscoring the growing importance of a vibrant private economy
Just across the border from Hong Kong in southern China, two gleaming towers of glass and steel are rising in a city long known for its manufacturing prowess. This is the new headquarters for Tencent Holdings, a US$599m
Naspers is facing challenges from weaker African currencies and competition from US technology operators as the continent’s biggest company by market values tries to grow its Internet and pay-TV businesses. Foreign-exchange movements
Tencent Holdings, in which South African media and technology group Naspers holds a 34%, posted a second quarter profit that beat analysts’ expectations as the company lined up more mobile games and media
Google nailed e-mail with the 2004 introduction of Gmail. But as traditional e-mail falls out of favour with a growing sliver of the population, Google has struggled to make its messaging tools relevant or introduce
Technology companies are a lot like contemporary art. Their valuations reflect narratives more than anything else, and it’s just as important to devise the right framework to describe a phenomenon as it is to build a beautiful product. Two New
Uber Technologies will sell its China business to Didi Chuxing, the dominant ride-hailing service in the country, according to people familiar with the matter, ending a costly battle between the two companies
Messaging app WeChat is heavily focused on the take-up of its wallet technology in South Africa this year, says the app’s head of Africa, Brett Loubser. WeChat, which is owned by Chinese Internet giant Tencent, rivals competitors such
Naspers is seeking to further boost its international Internet business as it grapples with falling pay-television subscription numbers in sub-Saharan Africa. The company, which usually spends half a billion dollars