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Africa’s Largest Publicly Traded Company Now Squarely in the U.S.-China Crossfire

The stock price of Africa’s largest and most valuable publicly traded company has been on a roller coaster ride since U.S. President Donald Trump announced plans to ban Tencent-owned WeChat from U.S. app stores.

Naspers, through one of its subsidiaries, is Tencent’s largest shareholder. It owns a whopping 31% of the Chinese tech giant. Investors are understandably spooked that the White House will extend sanctions against Tencent to other properties, including its highly lucrative gaming business that has a lot of exposure in the United States.

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What is The China-Global South Project?


The China-Global South Project is passionately independent, non-partisan and does not advocate for any country, company or culture.


A carefully curated selection of the day’s most important China-Global South stories. Updated 24 hours a day by human editors. No bots, no algorithms.


Diverse, often unconventional insights from scholars, analysts, journalists and a variety of stakeholders in the China-Global South discourse.


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