Media and technology group Naspers’s share price touched fresh record highs on Wednesday after China’s largest Internet company, Tencent, in which it holds a 34% stake, beat analysts’ expectations in the first quarter. According to Bloomberg, net income of just over 4 billion
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What’s up with Apple’s share price? That’s the question we ask in the third TalkCentral podcast of 2013. Your hosts, Duncan McLeod and Craig Wilson, bring you another packed episode of news and app picks as well as winners and losers. On the agenda this week, we speculate about Apple’s
China’s Tencent, in which JSE-listed Internet and media group Naspers holds a 35% stake, appears to have designs on the African market and is preparing to ramp up focus on South Africa and Africa more broadly with its WeChat platform. Tencent, well known in China for its QQ
Pay television and e-commerce have paid off for Naspers in the six months ended 30 September 2012, with core headline earnings for the period rising to R4,1bn, from R3,5bn a year ago. Pay-TV subsidiary MultiChoice, which operates DStv, grew its subscriber base by 393 000 subscribers, giving it a base
When Naspers stumbled on a little-known Chinese Internet company in 2001, it could not have dreamed that a US$32m investment would account for more than 80% of the media conglomerate’s R200bn market cap now. Tencent Holdings is the largest Internet solutions provider in China and Naspers, which
MultiChoice, which operates the DStv satellite television service, grew revenues by 19% to R21bn in the past financial year, despite the introduction of competition in SA’s pay-TV market. In the year to 31 March 2011, MultiChoice added almost 1m subscribers
We’re pretty used to hearing outlandish valuations on Internet companies that, if they were people, would be barely out of nappies. It happened during the first dot-com boom, and it’s happening again now. But news that Facebook is
The Naspers growth story continues apace. The technology and media group said on Thursday that expects core earnings per share to leap by up to 35% in the six months to 30 September 2010. The news sent the group’s share price
JSE-listed media group Naspers will fork out R2,9bn and give up its stake in Mail.ru in exchange for a 28,7%…
Pay-TV competition? What pay-TV competition? Naspers-owned MultiChoice grew its SA subscriber base by 450 000 to 2,8m homes in the 2010 financial year. And it added 1,1m new subscribers in other African markets. SA consumers, it would appear, weren’t tempted to put off their purchasing decisions until after the May launch of On Digital Media’s TopTV, the first direct competitor to MultiChoice