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Naspers' full-year earnings have risen by as much as a third ahead of the technology group’s planned asset spinoff in Amsterdam, a move designed to reduce its dominance of Johannesburg’s stock exchange.
Tencent will begin using a police database to verify the ages and identities of players on its biggest mobile title, ramping up a campaign against game addiction.
The ratings agency has said the sale of 2% of the Chinese internet giant's shares by Naspers will help it strengthen its balance sheet to fund the scaling of its e-commerce operations, without incurring more debt.
Tencent Holdings' rise into a $500bn company was fueled by a culture of internal competition, where teams raced against each other to make ideas work.
Naspers shareholder Allan Gray plans to vote against the firm's remuneration policy because it isn’t aligned to the performance of the business outside a stake in Tencent.
The JSE was buoyed by rand hedge stocks, as well as some of the rand sensitive stocks which surprisingly continued to trade in the green despite a weaker currency.
Naspers has pulled the JSE higher as the share price reacted positively to better than expected results from Tencent, in which Naspers owns a 34.4% stake.
Tencent Holdings has posted its second quarter of year-on-year profit gain of more than 50% as smartphone gaming revenue continued to grow at a breakneck pace.
Tencent Holdings shares have helped prop up the Hang Seng Index, as investors cheered the Chinese internet giant's $193m investment in logistics.
Tencent plans to roll out marquee title Call of Duty Mobile to markets from the US and Europe to Latin America, accelerating efforts to plumb new avenues of growth as uncertainty grips its Chinese home market.
While Tencent Holdings’ shock profit slump caught almost all analysts by surprise, traders were far more prepared.
Tencent-backed Chinese start-up Kuaishou is seeking to raise funds at about a $17bn valuation, people familiar with the matter said, as it expands its video-streaming service to Southeast Asia.
Tencent, China’s biggest instant messaging company, bought 145.8 million non-voting shares in Snap saying it plans to work closely with the social media company.
A slump in Tencent's share price, triggered by word of a government probe into news services run by the firm, has wiped off $19bn of the internet and gaming behemoth’s market value.
Tencent Holdings, Asia’s biggest Internet company, has invited banks to join its $1.5bn syndicated loan, people familiar with the matter said.
Tencent shares have risen to a new high, valuing the company at around half South Africa’s annual GDP, pushing Naspers’s stake to R680bn, 95% of its market cap.
Hong Kong shares have fallen, dragged down by index tech heavyweight Tencent Holdings after US-listed peers declined.
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