Browsing: Tencent

Naspers to sell R126bn stake in Tencent

Naspers plans to lessen its exposure to China’s Tencent by reducing its stake from 33.2% to 31.2%, the JSE-listed technology and media group said in a statement to shareholders on Thursday. It will dispose of up to 190m shares

Tencent drops after warning on profit margins

Tencent Holdings slid in Hong Kong on Thursday after Asia’s most valuable company warned that growing investments in content and technology will compress margins. Its shares fell 2.4 percent in early trade, shaving

Google, Tencent agree to share patents

Google and Tencent have agreed to share patents covering a range of products and technologies, an alliance between two of the world’s largest corporations. The cross-licensing deal comes with an understanding that the search

Tencent video site said to seek $17bn valuation

Tencent-backed Chinese start-up Kuaishou is seeking to raise funds at about a US$17bn valuation, people familiar with the matter said, as it expands its video-streaming service to Southeast Asia. The company is targeting around $1bn

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

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