Tencent rainmaker takes biggest gamble

2017-04-18 10:08

Richard Peng’s deal-making moxie has set the pace for a hard-charging Tencent in its early days, but striking out on his own means the stakes are higher.

Tencent profits jump 43% on mobile gaming success

2017-03-22 18:32

Chinese technology giant Tencent reported a profit boost, helped by the growing popularity of its mobile games.

#Sugartax: IRR climbs into media over Coke funding

2016-12-23 17:55

Frans Cronje, CEO of the South African Institute for Race Relations (IRR), responds to what he calls a media slur campaign against the think tank.

Naspers to merge Indian travel business with rival

2016-10-19 07:04

Naspers will combine Indian travel operation Ibibo with US competitor MakeMyTrip to help boost its unprofitable e-commerce business and ease a reliance on Tencent.

Tencent posts record profit on mobile games frenzy

2016-08-17 12:25

Tencent Holdings posted a second-quarter profit that beat analysts’ expectations as the company lined up more mobile games and media content.

WeChat eyes a slice of SA’s e-commerce pie

2016-07-11 11:50

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.

Tencent leads $8.6bn Clash of Clans deal

2016-06-21 14:13

Tencent Holdings will lead an $8.6bn acquisition of gamemaker Supercell Oy, getting its hands on some of the industry’s most popular mobile titles through potentially its largest-ever overseas deal.

Tencent in talks to buy Hay Day, Clash of Clans company

2016-05-24 07:12

Tencent - which Naspers has a 34% stake in - is in talks to buy a majority stake in gamemaker Supercell Oy from SoftBank, the Wall Street Journal has reported.

WeChat in SA digital wallet play

2015-11-26 12:34

Instant messaging application WeChat has launched a local digital wallet that it hopes could replace the need to carry cash or cards.

WeChat exposed to Apple malware risk

2015-09-21 09:03

China's Tencent has fixed a flaw in its WeChat instant messaging application that exposed some of the service’s 600 million users to malicious software.


Tesla wins Tencent backing with 5% stake

2017-03-29 07:48

Tesla Inc. got a vote of confidence from Chinese Internet giant Tencent Holdings Ltd., whose purchase of a 5% stake boosts Elon Musk’s ambitions to get his mass-market Model 3 electric sedan to buyers this year.

Tencent shares' R480bn loss shows depth of China gloom

2017-01-04 06:38

For a clue on how bearish foreign investors have become about Chinese stocks, take a look at Tencent, in which e-commerce giant Naspers has a 34% stake.

MegaFon in talks with holders about buying stake

2016-11-17 07:25

MegaFon, the Russian wireless carrier controlled by billionaire Alisher Usmanov, says it is in talks with shareholders about buying a stake.

Tencent surges to become China’s most valuable company

2016-09-05 13:19

Tencent Holdings has surpassed China Mobile to become the country’s most valuable corporation, underscoring the growing importance of a vibrant private economy.

China's WeChat takes on WhatsApp in Africa

2016-07-24 13:07

Late to the party, WeChat, China's biggest Internet-based mobile messaging platform, is scrambling to get a piece of the action in the booming African market.

Naspers profit climbs on Tencent, e-commerce boost

2016-06-24 18:44

Chinese internet giant Tencent and e-commerce businesses have helped lift Naspers’ revenues by 6% to $12.2bn for the financial year ended March 31 2016.

Naspers - game on

2016-06-16 11:00

Gaming should remain a key driver of Naspers' continued growth over the medium term, says a portfolio manager.

Mailbox: Monopoly capital – why are the three richest South Africans white?

2016-04-26 13:37

UCT student Hugo Mkhize asks whether the South African business men listed in UK's 2016 rich list are prime examples of 'white monopoly capital'.

Tencent uses entertainment to beat China slowdown

2015-11-09 09:19

Smartphone games for the one billion users of WeChat and free streaming of ‘Game of Thrones’ are expected to help drive a 28% surge in sales for Tencent Holdings.

Naspers chair rakes in billions from stock options

2015-09-18 13:34

Naspers chairperson Koos Bekker has reduced his stake by selling stock options valued at about R20.4bn at current prices after stepping down as CEO, according to the company's annual report.

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