Browsing: Tencent

Tencent is no longer a sure bet

Traders in China are unwinding positions in Tencent Holdings faster than ever, turning to other targets amid a lack of reasons to push Asia’s biggest stock any higher. Mainland investors sold a net $81m

Tencent, Naspers shares leap higher

Tencent Holdings surged after delivering record profit that topped analyst estimates, calming investors who’d braced for a big hit to margins. The stock climbed as much as 7.1% in Hong Kong, its biggest

In China, tech is now all but state-owned

A key stumbling block in trade negotiations between China and the US has been Beijing’s extensive support for its technology firms. But if US President Donald Trump’s administration thinks that will change any

Global tech boom isn’t done, SA experts say

Despite the enormous run-up in global technology stocks in the past five years – and the recent stomach-churning volatility – the market isn’t repeating the dot-com euphoria of 1999 and South African investors would

Bob van Dijk on why Naspers sold 2% of Tencent

Late on Friday, Naspers CEO Bob van Dijk and chief financial officer Basil Sgourdos spoke to analysts about the group’s decision to sell 2% of its stake in Chinese Internet giant Tencent. Van Dijk explained the rationale

Naspers mulls listing other business units

Naspers, frustrated that investors give it no credit for its investments other than a stake in Chinese Internet behemoth Tencent, is considering listing some businesses on the stock market to highlight their value

Tencent tumbles after Naspers trims stake

Tencent Holdings has lost US$48bn (R566bn) of market value over two days, pummelled by a warning on margin pressure as well as a surprise sale of stock by its biggest shareholder. Asia’s largest company slumped

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