A Tencent-led consortium buys 10% of Universal Music, valuing the world's biggest music firm at over R400 billion

2020-01-01 10:07

The investing group holds an option to boost its stake to as much as 20% at the same valuation, according to a Tuesday statement.

Chinese giant Tencent is in talks to buy a R50 billion stake in Ariana Grande's music label Universal Music Group

2019-08-07 11:31

Vivendi, which owns UMG, says Tencent would also have an option to acquire an additional 10% stake in the music business. Vivendi's stock soared.

Free game 'Fortnite' made more than R6.3 billion on just Apple devices in 2018, according to a new report

2019-01-14 09:20

How much money is the popular free game "Fortnite" making? More than you might think.

The company behind the biggest game of 2017 is suing the company behind the biggest game of 2018 — here's what's going on

2018-05-30 09:25

Bluehole, the South Korean company behind "PlayerUnknown's Battlegrounds," is suing Epic Games, the American company behind "Fortnite." The claim: copyright infringement.

The most downloaded iPhone app in the world right now is one you've probably never heard of

2018-05-04 05:57

A Chinese-made music video app called Tik Tok took first place with an estimated 45 million downloads.

Naspers: Should you get in or out?

2018-03-20 13:49

Many analysts believe the media and e-commerce giant still has tremendous growth potential. But critics point to numerous concerns that they say make investment in the stock a risky proposition.

Beware those concentration risks

2018-03-13 15:16

Holding too much of a single stock – even if it is a star performer – is never a good idea.

Kim Kardashian game-maker among Tencent’s losing investments

2016-08-29 09:06

The game based on the reality TV star’s life just can’t keep up.


These were the apps where people spent the most money over the last 10 years - and binge-watching dominated the decade.

2019-12-26 12:02

Here's where consumers spent the most on streaming apps this decade.

R37 billion video game company Roblox and China's Tencent defied the growing tech 'cold war' and announced a big gaming partnership

2019-05-29 12:26

As worries of a tech Cold War between the United States and China loom, Roblox is signing a key deal with Chinese internet giant Tencent.

Hackers are using stolen Apple IDs to swipe cash in China

2018-10-11 15:33

Ant Financial’s Alipay and Tencent warned that cyber-attackers employed stolen Apple IDs to break into customers’ accounts and made off with an unknown amount of cash, in a rare security breach for China’s top digital payments providers.

Tencent's business is about as big as Facebook's thanks to its stronghold in China

2018-05-18 11:45

Tencent’s social media platforms are to China as Facebook’s are to the rest of the world and yet the companies are similar in their financial outputs.

Naspers just got R115 billion richer — here are 5 outrageous things it could do with the cash

2018-03-23 16:02

Naspers sold 189,978,300 shares in Tencent for the equivalent of R115 billion. Business Insider rounded up a list of things the company could do with the proceeds from the sale.

Naspers’ ‘Tencent problem’ just got bigger – and could be trouble for the JSE as a whole

2018-03-20 09:51

Everything will be fine, just as long as Tencent only ever goes up, Bruce Whitfield says.

Tencent buys minority stake in developer of Snapchat

2017-11-08 19:43

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.

Most Read
News In Your Area
Top Lifestyle
Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.