Articles about Tencent

Naspers, Prosus set for minimum $7.3bn revenue

JSE-listed Naspers and its international arm Prosus are set to deliver more than $7.3 billion in revenue for 2026.

Naspers gives back another R475.6m to shareholders

Overall, digital and lifestyle conglomerate Naspers has returned R134 billion to shareholders as it seeks to return value.

Naspers shares gain traction as shareholders buy into split

The company’s stock has gone from R17.50 to R6 395 in just three decades before the company split its stock to give shareholders more value.

Naspers returns R130bn in value to shareholders

The digital giant yesterday bought R564.4 million-worth of its own shares, returning value to investors.

Naspers leans on AI to drive growth as profit surges

Artificial intelligence helped the e-commerce and tech investment group to grow annual revenue by 20%, with profitability up by 46%.

Naspers sees e-commerce boom, rapid AI deployment

The South African internet giant posts accelerated top-line growth of 18%, with e-commerce consolidated revenue of $6.3 billion.

Naspers eyes multiple AI investment opportunities

With three artificial intelligence deals already under its belt, the company wants to pump more money into the space.

Naspers, Prosus to cut workforce by 30%

The companies “adapt to a changing macro environment”, working for some time to strengthen their cost structure.

Tencent’s low input weighs down Naspers profit

The company’s trading profit declined by 38% to $1.4 billion, reflecting a reduced contribution from Tencent.

E-commerce contributes lion’s share of Naspers revenue

The group’s ballooning e-commerce portfolio continues to shine, with this segment’s revenue growing 56% to $10.7 billion in fiscal 2022.

Naspers expects full-year earnings dip

Despite global turmoil and uncertainty, financial year 2022 was a year of progress for Naspers, it says.

TymeBank sets October for Philippines debut

The digital bank is set to launch GOtyme in the Philippines in October, to fire up its global expansion plans.