Tag: Naspers
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South Africa’s Naspers Denies Rumors It Plans to Dump Tencent Shares
South African tech investment firm Naspers denied rumors that it is in talks with the Chinese state-owned investment company CITIC to sell its $70 billion stake in the Chinese tech behemoth Tencent. The Cape Town-based company issued a statement ...
Week in Review: Chinese Hostages Freed in Nigeria & China Cuts Oil Buys From African Suppliers
Chinese defense contractors are making further inroads into the Angolan market. The state-owned China National Aero-Technology Import & Export Corporation (CATIC) signed an $85 million deal to provide the Angolan defense sector with a “supply of equipment, military means and assistance services.” CATIC is already a big player ...
Naspers Stock Rises on White House Assurances That Proposed WeChat Ban Won’t be as Broad as Previously Feared
Investors in Africa's most valuable public company, Naspers, breathed a sigh of relief on Monday after hearing that any White House measures against WeChat and its parent company Tencent won't be as broad as initially feared. A Naspers subsidiary is Tencent's ...
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 ...