Browsing: Tencent

Naspers said to plan R2.5bn food delivery investment

Naspers is in talks to lead an investment of as much as R2.5bn in India’s Swiggy to increase its stake in the online food-delivery company, according to two people familiar with the matter. Africa’s biggest company by market value

Naspers mulls options to reduce discount to Tencent

Naspers CEO Bob van Dijk said Africa’s largest company will consider “structural options” if the value gap with its stake in Tencent persists. Naspers has a 33% stake in Shenzhen, China-based Internet giant Tencent, valued at

Tencent slump erases $55bn in value

China’s Tencent, in which South Africa’s Naspers has a 33.2% stake, may be selling off, but analysts are the most bullish on record. The tech giant fell for the fourth time in five sessions on Tuesday as angst over US technology

Tencent on track for worst week in 21 months

Tencent slumped on Friday, putting it in line for its worst week in almost two years, as investors took profit in global technology shares and before the stock’s weighting gets reduced in Hong Kong’s benchmark index. Tencent

Why Tencent wants to be more like Facebook

Tencent’s rise into a $500bn company was fuelled by a culture of internal competition, where teams raced against each other to make ideas work. To become an advertising powerhouse like Facebook, the internal barriers are starting to

Naspers hits R4 000/share

Less than three months after topping R3 000 for the first time, Naspers’s share price on Monday touched the R4 000 level on Monday afternoon as shareholder optimism over Chinese Internet

Why PSG doesn’t own Naspers shares

The story of the JSE so far this year has mostly been the story of Naspers. The media giant’s share price has gained over 75% in 2017 and accounts for the majority of the index gains year to date. It follows that unit trust funds

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