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
Browsing: Tencent
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
Chinese Internet giant Tencent and e-commerce businesses have helped lift Naspers’s revenues by 6% to US$12,2bn for the financial year ended 31 March 2016. In its full-year results, Naspers reported on Friday that its
Clash of Clans could be the type of tent-pole entertainment that helps Asia’s biggest Internet company build a Marvel-like universe of movies, comic books, online videos and t-shirts. Tencent Holdings, in which South Africa’s Naspers has a
Tencent Holdings, in which South Africa’s Naspers holds an approximately one-third stake, will lead a US$8,6bn acquisition of game maker Supercell, getting its hands on some of the industry’s most popular mobile titles through
Naspers, Africa’s biggest company by market value, said it expects to report that full-year earnings rose as much as 20% when one-time items are excluded. The “core headline” figure for the
Naspers, Africa’s biggest company by market value, is planning to sell its Polish online auction website Allegro, according to people with knowledge of the matter. The global Internet and entertainment group has hired Morgan Stanley to advise
Tencent, in which South Africa’s Naspers holds a one-third stake, is discussing the purchase of SoftBank Group’s majority stake in Supercell Oy in a deal that may value the Finnish game maker at