Follow CGSP on Social Media

Listen to the CGSP Podcast

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

by Eric Olander

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.

Lead the Conversation on China

Subscribe Today to Get Full Access to The China-Global South Project

Check Out Everything You'll Get With Your Subscription

The China-Global South Daily Brief delivered to your inbox at 6AM Washington time

Full access to exclusive news and analysis from editors based in the Global South

Transcripts of CGSP’s twice-weekly podcasts

Students and teachers with a valid .edu email address are eligible for a 50% discount off monthly or yearly subscriptions. Email us to receive a discount code.

You Might Like

W. Gyude Moore: Africa’s Position in the New “Cold War”

Former Liberian Minister of Public Works and now a Senior Policy Fellow at the Center for Global Development in Washington, W. Gyude Moore, wrote a compelling 10-part Twitter thread on why ...

News24: South African Intelligence Concerned ANC MP Xiaomei Havard is Sharing Secrets With China

South Africa’s State Security Agency, the country’s intelligence service, has concluded there is a “high likelihood” that ANC MP Xiaomei Havard (张晓梅) may be passing on classified information to the Chinese Communist Party, 

U.S. Treasury Secretary’s Africa Tour Takes on China, Debt

U.S. Treasury Secretary Janet Yellen is heading to Africa for a 10-day trip to Senegal, South Africa and Zambia. The continent’s green transition will feature prominently, with Yellen visiting South African coal country to ...

What is The China-Global South Project?

Independent

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

News

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.

Analysis

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

Networking

A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.