Naspers tencent vacancies. 48 on Monday, while Naspers dropped 17.

Naspers tencent vacancies 75% on the JSE, after the US Defence Department said Tencent Holdings was Mar 23, 2018 · Tencent’s shares fell as much as 7. Oct 27, 2024 · Fabricio Bloisi, new CEO of Naspers, aims to double the market value of its investment arm, Prosus, to $168bn by 2028. 60 in the early afternoon on Monday, after Prosus NV and Naspers said they would gradually sell shares in the firm. Naspers (OTCPK:NPSNY) owns 31. Group overview Performance review Sustainability review Governance Financial statements Other information NASPERS 136 Integrated annual report 2023 137 NASPERS Integrated annual report 2023 Prosus Ventures is the early-stage venture investing arm of Prosus, where the company explores new sectors and emerging technologies that could help fuel the next wave of growth. On the JSE, Tencent stakeholders Naspers (R3 006. 69, its weakest level since 2009 during the global financial crisis. Nov 17, 2022 · For better or worse, Naspers is stuck with Tencent. My personal opinion is that Tencent is undervalued. Sep 11, 2019 · Naspers , the South African media company that hit the jackpot with an early investment in Tencent , on Wednesday spun out its 31% stake in the Chinese internet group by listing a new company on Nov 18, 2024 · Separately, Naspers' Amsterdam-listed subsidiary company Prosus--which owns a roughly $114 billion stake in Tencent--said it expects core headline EPS for the same period to rise 84%-93% to May 16, 2024 · “Tencent is able to build whatever monetization it wants around that core group of users, because those users will never leave. On 27 June 2022, Prosus and Naspers announced the start of an open-ended share repurchase programme of Prosus and Naspers shares, funded by the regular selling of small numbers of Tencent shares. 39% dollar bond due 2030 widened 9 basis points, while notes issued by fellow Chinese tech giants including Meituan and JD. Catalog; For You; Business Day. “We are not a military company or supplier. The programme would be funded by on-market sales of Tencent's shares held by the two companies, Tencent said. China on Friday announced new plans to restrict the online gaming industry, sending shares in tech giants including Tencent tumbling and wiping tens of billions of dollars off their value. In a trading statement released on Monday, Naspers and Prosus outlined their expected earnings for the half-year through September 2024. (Reporting by Nqobile Dludla and Jun 27, 2022 · The programme is expected to result in the sale of Tencent shares, and buyback of Naspers and Prosus shares on a daily basis. Tencent’s market valuation had reached $460 Jobs Games Join now Sign in Evan Person’s Post #naspers #tencent #covid19 #strongertogether. Naspers Labs is a social impact programme to address youth unemployment through digital skills development, access to technology careers, and support to youth-led, tech enabled micro-businesses. Explore career opportunities at Tencent, a leading internet and technology company, and join us to create innovative products and services that improve people's lives. Find out if Naspers is the right fit for your future career! Explore jobs, salary, equity, and funding information. For Naspers to execute its open-ended share repurchase programme, it received approval from the South African Reserve Bank to continue funding its buyback with regular sales of Prosus shares. Aug 23, 2024 · Naspers Labs . 5%, while Prosus dropped 8. Mar 19, 2021 · Naspers’ (NPNJn. But Naspers Apr 21, 2023 · As part of a share swap deal in 2021, Prosus acquired a 49% stake in its parent company Naspers while Naspers remained the majority shareholder in Prosus. 7 Reveal the Why with iStore Prevent & Protect with Sanofi RU120 - Rhodes celebrates 120 years Government Vacancies Government Tenders Press Office Partner Content 4 days ago · PressReader. 4% to the highest level since the company was carved out of the tech investor in September 2019. Read about work-life balance, perks, benefits, and the company culture! 5 days ago · Tencent told the BBC that it’s inclusion on the list was “clearly a mistake”. In 2019, Naspers Labs, a youth development programme designed to transform and launch South Africa’s unemployed youth into economic activity, was launched. Dec 29, 2023 · South Africa’s largest Fund manager the PIC, is overweight in the top 10 largest listed company by market capitalisation on the JSE, Naspers, which derives more than 67% of their income from a Nov 13, 2024 · Prosus and Naspers plunge as US says Tencent is working with Chinese military; More delays as Durban port battles equipment shortage; Eskom to reissue tender for 'mission critical' billing system that hasn't been upgraded in years; Ramaphosa signs law to enforce 15% global minimum corporate tax rate for multinationals Nov 1, 2022 · The Naspers Board and Prosus Board reiterate their continued confidence in Tencent's long term prospects and continue to believe that the share repurchase programme, is in the best interests of We operate and invest in countries and markets with long-term growth potential. SoftBank’s share of Alibaba computes to almost $105 billion. “These guys are the smartest cosec@naspers. 4% to R680. . The South African company’s main asset is a 29% shareholding in Chinese internet giant Tencent , currently worth $133 billion. Naspers owns or has a controlling interest in, various businesses, including Proses, Media24, and Takealot. Mar 22, 2018 · Naspers’ sale comes a day after . Through our leading businesses, such as Media24, Takealot, and Mr D, we create thousands of jobs, boost growth and help to build a more equitable society. Naspers-aandele het Dinsdag met meer as 10% op die JSE gedaal nadat die aankondiging oor Tencent gedoen is. 4 days ago · In afternoon trade yesterday, Tencent traded 7. Dec 13, 2018 · Summary. Dec 25, 2023 · Naspers group loses R230bn as US labels Tencent a 'Chinese military company' Tencent makes biggest share buyback since 2006 after US blacklist; ArcelorMittal crashes as it shutters its SA long steel mills - says govt should have done more; ChatGPT star Sam Altman accused by sister of sexual abuse Apr 8, 2021 · Prosus , a spin-offby South African media and internet investment firm Naspers , sold a 2% stake in Tencent for 114. Jul 6, 2020 · Jobs Join now Sign in sell 46. Leading both Naspers and Prosus, Bloisi is overhauling corporate culture, pay structures, and expanding beyond the company’s Tencent stake, aiming to foster a more risk-taking, results-driven environment. Bekker, who retired as the CEO of Naspers in March 2014, returned as chairman in April 2015. Chinese tech shares recovered some of their losses this month, after the Communist Party began pulling back from its Covid-Zero playbook and offered more incentives to the Biden administration to work together. 1 day ago · Naspers has sold down its stake in Tencent over the years and today owns 25%. GEPF – Africa’s largest pension fund, with R2. 89. 2% and 109. Explore career opportunities at Tencent, a leading internet and technology company, and join us to create innovative products and services that improve people's lives. 36% to 15 180. 2 economy is emerging from Covid-era curbs and a sweeping crackdown on Big Tech. Naspers, the JSE’s largest company by market capitalisa­tion, led the JSE lower on Tuesday after the US defence department listed Tencent, in which Naspers holds nearly 25%, as a company allegedly tied to China’s military. 4 days ago · While Prosus and Naspers crashed on Tuesday after the US labelled Tencent a 'Chinese military company,' analysts say this could in time actually help with the discount at which their share prices trade. Naspers, which began more than a century ago as a South African newspaper business, invested $34 million for nearly half of Tencent in 2001 in what became one of the most successful investments ever. Naspers Limited 110,527 followers 4y Edited Today we announced the arrival of a major shipment of A $34 million bet in 2001 on China’s Tencent transformed Naspers into a media and internet juggernaut and one of the world’s savviest—if little known—tech investors. For investors, buying Naspers is nearly the same as buying Tencent, given the value of Naspers Tencent stake dwarfs the value of Naspers’ other assets. 48 on Monday, while Naspers dropped 17. Naspers hit a 52-week high this week, while Prosus is just below its Mar 19, 2021 · LONDON (Reuters Breakingviews) - Naspers’ Tencent problem is as big as ever. Tencent on Nov. | Established in 1915, Naspers has transformed itself into a global consumer internet company and one of the largest technology investors in the world. That shortfall has narrowed He began his career with Naspers at M-Net in 1988 and has held various executive positions in the Naspers group. Through Prosus, the group operates and invests globally in markets with long-term growth potential, building leading consumer internet companies that empower people and enrich communities. Naspers CEO Bob van Dijk says the company and its subsidiary Prosus remain "firmer believers" in Tencent’s prospects amid continued uncertainty about the Chinese government’s crackdown on Jun 20, 2019 · The South African company's shares have been trading at a major discount for technical reasons. 91 and 8. Jun 27, 2022 · The failure of Naspers’ share price to reflect the value of its Tencent stake prompted the group to create and list Prosus in 2019, which now owns the Tencent stake. 8 per cent in Hong Kong to HK$405, their biggest intraday plunge since June 2015, weighed down by Naspers’ disposal and amid a regional sell-off of equities Apr 8, 2021 · Investors in Naspers Ltd - Africa's biggest company - said on Thursday they want proceeds from a $14. It also has additional advantages. › Capital allocation is one of the most important jobs of the CEO of the group. I traveled more or less like that until roughly 2009. 3 billion, and yet its market cap is currently $71 billion, giving investors the Tencent stake with Naspers’ other not insubstantial interests thrown in for 4 days ago · Given this holding, a 10% decline in Naspers’s shares would shave R15. Follow @mak_robyn on Twitter . Jun 27, 2023 · South African internet group Naspers and its investment arm Prosus, which owns 26 per cent of China’s Tencent, will unwind a complex set of shareholdings in each other that had threatened to 5 days ago · Naspers has not verified the information received and none of Naspers, its affiliates or their respective directors, officers and employees make any representation or warranty, express or implied, as to, or accept any responsibility for, the accuracy or completeness of the consensus information. co. Jan 25, 2021 · Naspers advanced as much as 8. The board believes that the CEO should be compensated to give full attention to such asset. Prosus is selling off small pieces of its holding in Tencent to fund this programme. naspers. 6 billion of its Tencent Holdings (TCEHY) stock, equal to about 2 percent of the total outstanding shares. News. In the post-pandemic bust, shares have declined along with a fall in valuation of high-growth Congratulations to my amazing colleagues on the Naspers Covid-19 Task Team: Azel van der Walt, Delsarie van der Merwe, Michelle van den Berg, Craig Friderichs,… | 13 comments on LinkedIn Tencent. 9% while smaller rival NetEase jumped more than 14% in their first Hong Kong trading session after the government tried to assuage the market, tracking a Tuesday rebound in their mainland Chinese-traded peers. 16. Naspers holds around 73% of Prosus shares, while 27% are floated. Naspers' performance is determined by Prosus whose performance is determined by Tencent. 32tn under management – also held 2% of Prosus’ stocks at the end of last March, meaning an 8. I made a graphic to explain what the relationship looks like, as of February 19, 2020: As you can see, the Tencent stake represents more than 100% of EBITDA. Oct 15, 2019 · Because Naspers, thanks to Tencent's amazing bull run, had become such a large weighting in African stock market indexes, investors benchmarked to either South Africa or indeed Africa would have a Shares of Tencent Holdings, China’s internet gaming and social media giant, fell as much as 2. (Reporting by Nqobile Dludla and 5 days ago · Shares of Naspers and its Amsterdam-listed subsidiary Prosus slumped around 9% by 10:00 on Tuesday. 1% stake in Tencent. 2%的股份。与世界上那些著名的VC相比，Naspers并没有投出过太多厉害的公司，这无疑给它对腾讯的投资增添了几分神秘色彩。 Aug 31, 2017 · Although the Tencent effect draws criticism, it also means that Naspers has more money to experiment. Wealth History Nov 18, 2024 · Naspers expects to report strong results for the first half of its 2025 financial year as the company’s eCommerce businesses and Tencent grew significantly. He was appointed as an executive director of Naspers in 1998 and a non-executive director on the Naspers board on 15 January 2015. Sep 18, 2023 · The company now faces a fight to ease the discount between the value of the Tencent stake and Naspers. Jul 22, 2019 · Ecommerce and internet segments — including the dividend from Tencent — increased Naspers’ free cash flow to $673m in the year ending in March, from $217m in 2016. Tencent flagged its intention to ramp up acquisitions and investments, pushing its share price down as investors fretted about the toll this would take on margins. Oct 30, 2024 · Naspers (OTCPK:NPSNY) has been doing somewhat well of late thanks to a recovery in major holding and needle-mover Tencent (OTCPK:TCEHY) which has continued since our last coverage. In afternoon trade yesterday, Tencent traded 7. It achieved a 8 % NAV accretion per share for Prosus, 9% for Naspers, while 22% of Prosus free float and 20% of Naspers free float has been repurchased. Apr 7, 2021 · Internet company Prosus, owned by Naspers, has announced plans to sell 2% of its stake in Chinese tech giant Tencent. 7 billion), the Chinesetech giant said in a Naspers and Prosus hold about 25% of Tencent, Prosus shares were trading 8. 6% slide in the latter’s share price will knock R4. Nov 1, 2022 · "The Naspers Board and Prosus Board reiterate their continued confidence in Tencent's long term prospects and continue to believe that the share repurchase programme is in the best interests of Nov 19, 2024 · Naspers expects to lift interim headline earnings by between 103. See the latest Naspers Ltd ADR stock price (NPSNY:PINX), related news, Tencent's Top Shareholder Taps New Chief in AI Ramp-Up — 2nd Update. As of 2018, Naspers had approximately a 31 per cent stake in Tencent, becoming its largest shareholder, a nd Africa’s biggest public company. Follow our story. › Tencent is the group’s largest and most valuable asset. Dec 27, 2023 · Tencent climbed as much as 4. 6bn off pensioners’ savings. Prosus will use the proceeds to invest in growth and general corporate purposes. For the year ended 31 December 2022, Tencent’s revenue declined 1% to RMB555bn. 7 Reveal the Why with iStore Prevent & Protect with Sanofi RU120 - Rhodes celebrates 120 years Government Vacancies Government Tenders Press Office Partner Content May 20, 2021 · Shares of Naspers and its unit Prosus, Tencent’s largest shareholders, rose more than 3% after Tencent’s earnings. The South African group has long traded at a big discount to its stake in the Chinese tech giant, currently worth $100 billion. Tencent has recovered from intense negative sentiment in 2023 and early 2024, revaluing Naspers ナスパーズ（英: Naspers）は、インターネットおよびメディアの多国籍企業である。130か国以上でサービスを提供している。同社の主要事業はインターネット通信（クラシファイド、電子商店街、マーケットプレイス、オンライン決済およびオンラインサービス）、ビデオエンターテインメントと Nov 15, 2023 · This Is How We Do Summer with Sheet Street The Old Mutual Wellness Hub Find Your Zen with Sygnia Know Your Food with McDonald's Strong to the Bone with MenaCal. Cape Town, South Africa 1 November 2022. Global News Select May 17, 2024 8:42am. The Naspers and Prosus boards said they still "have great confidence in Tencent's long term prospects", and said the programme will result in the group increasing its exposure to Tencent on a per share basis. (Tencent/ Supplied) It was a bloodbath on Tuesday for Naspers and Prosus as both entities lost around R225 billion after the US Defence Department placed tech giant Tencent on a blacklist and levied that it worked cost apportioned to Naspers. The $100 billion South African company has long traded at a hefty discount to the value of its 31% stake in the Chinese internet Dec 25, 2023 · Naspers group loses R230bn as US labels Tencent a 'Chinese military company' Tencent makes biggest share buyback since 2006 after US blacklist; ArcelorMittal crashes as it shutters its SA long steel mills - says govt should have done more; ChatGPT star Sam Altman accused by sister of sexual abuse Apr 8, 2021 · Prosus , a spin-offby South African media and internet investment firm Naspers , sold a 2% stake in Tencent for 114. The sell-off was related to near-term regulatory concerns and not long-term business fundamentals, though there is a very real, ever-present risk of adverse government intervention. As of 21 June 2024, the buyback has created over US$32bn in value. Read: Naspers plans more IPOs after Swiggy success. 7 billion stake sale in its Tencent Holdings investment to go towards blockbuster acquisitions 4 days ago · Media giant Naspers saw its share price crash 11% between 9am on Tuesday, 7 January 2025, and 11am this morning – after it was revealed that Chinese gaming and social media giant Tencent had Jul 22, 2019 · Ecommerce and internet segments — including the dividend from Tencent — increased Naspers’ free cash flow to $673m in the year ending in March, from $217m in 2016. Hong Kong stocks plunged by more than 6% to a 13-year low on Monday. 3% to R3 772. Unlike sanctions or export controls, this listing has no impact on our business,” a spokesman reportedly said. 4 days ago · South African tech investment giant Naspers and its Amsterdam-based subsidiary Prosus took a combined hit of approximately R225 billion in market value after the United States added Tencent to a list of companies allegedly linked to the Chinese military. also weakened, according to traders. 23) and Prosus (R541. Naspers Labs focuses on digital skills and training, enabling young people to pursue tech careers. 16 reported revenue of 140 billion yuan ($19. com Inc. Mar 19, 2021 · Naspers’ Tencent problem is as big as ever. The $100 billion South African company has long traded at a hefty discount to the value of its 31% stake in the Nov 7, 2021 · The stock fell 4. Health. Our portfolio consists of more than 80 investments across more than 100 markets. Jun 28, 2019 · Life. 2 trillion) stake accounts for about three-quarters of its net asset value. Naspers is one of the ten largest consumer internet companies in the world and one of the largest technology investors. Prosus holds about a quarter of Tencent, and its roughly $117 billion (R2. Spreads on Tencent’s 2. In recent Dec 29, 2023 · South Africa’s largest Fund manager the PIC, is overweight in the top 10 largest listed company by market capitalisation on the JSE, Naspers, which derives more than 67% of their income from a Nov 13, 2024 · This Is How We Do Summer with Sheet Street The Old Mutual Wellness Hub Find Your Zen with Sygnia Know Your Food with McDonald's Strong to the Bone with MenaCal. Mar 24, 2018 · Naspers is leaving it to Tencent, which has its own portfolio of investments in some 600 companies, to spearhead its increasing exposure to the Chinese internet. Jul 3, 2023 · The reported growth in Naspers’s e-commerce portfolio, excluding Tencent, is an encouraging sign of the group’s efforts to diversify revenue streams and reduce reliance on Tencent, Kamogelo May 26, 2020 · Naspers是一家业务版图十分广阔的公司。 准确地说，Naspers是通过其子公司MIH持有了腾讯31. 73% lower to R678. HK) problem is as big as ever. 7 billion stake sale in its Tencent Holdings investment to go towards blockbuster acquisitions 4 days ago · Media giant Naspers saw its share price crash 11% between 9am on Tuesday, 7 January 2025, and 11am this morning – after it was revealed that Chinese gaming and social media giant Tencent had Owning Tencent through Naspers and/or Prosus is compelling, provided you think Tencent itself is undervalued. For more financial news, go to the News24 Business front page . group’s exposure to Tencent and its ecommerce portfolio on a per-share basis. Jun 27, 2022 · Chinese software giant Tencent Holdings said on Monday it noted an announcement from two of its shareholders, South Africa's Naspers Ltd and Prosus, that they would start a long-term, open-ended share repurchase programme. Naspers also invests in many other startup companies that operate in over 120 countries Jul 28, 2021 · Naspers group loses R230bn as US labels Tencent a 'Chinese military company' Tencent makes biggest share buyback since 2006 after US blacklist; Airlink resumes Nampula flights after fears of aircraft seizure in 'unruly' passenger dispute; Expired food seized, 22 arrested as govt continues restaurant, retail blitz in Cape Town Jun 27, 2022 · Chinese software giant Tencent Holdings said on Monday it noted an announcement from two of its shareholders, South Africa's Naspers Ltd and Prosus, that they would start a long-term, open-ended Charles Searle is the Chief Executive Officer of Internet Listed Assets at NASPERS. Jun 11, 2024 · Naspers holds around 25% of Tencent, which last month reported a 62% increase in net income thanks to surging ad income. 1%, the most in 10 months, to a new all-time high as Tencent jumped 11% in Hong Kong, the most since 2011. Anjli Raval, Joseph Cotterill, Ivan Levingston and Arash Massoudi in London. 44 % decrease; red down pointing triangle expects its first-half performance to be boosted by its investment in Chinese technology giant Tencent, together with accelerated growth Mar 14, 2022 · Naspers and its subsidiary Prosus, which holds a 29% stake in the Chinese tech giant Tencent, are plunging following a big decline in Tencent on Monday. Non-IFRS profit attributable to shareholders (Tencent’s measure of normalised performance) declined 7% to RMB116bn. ”Investors are increasingly attuned to bottom line results now that the world’s No. Shares of Tencent investor Naspers and its unit Prosus also declined. Oct 27, 2024 · New boss seeks to bring Naspers out of Tencent’s shadow on whatsapp (opens in a new window) Save. The recovery of 4 days ago · Naspers and Prosus have bright operational and commercial prospects despite shaving off as much as R300 billion in value on the JSE yesterday after Tencent was placed on the United States list of South African Internet holding company Naspers has long benefited from taking an early stake in China’s Tencent. za . J) Tencent (0700. 4 days ago · This Is How We Do Summer with Sheet Street The Old Mutual Wellness Hub Find Your Zen with Sygnia Know Your Food with McDonald's Strong to the Bone with MenaCal. Feb 19, 2020 · Prosus consists of all of their internet investments, including the 31. 2 billion Hong Kong dollars ($14. Mar 22, 2018 · Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Aug 11, 2023 · Alibaba and Tencent, after shedding more than $350 billion of value since 2020, cut more than 20,000 jobs between them last year to survive regulatory and economic turmoil. Mar 24, 2022 · Tencent has lost almost R7 trillion in value since its peak in 2021, while the share prices of Naspers and Prosus have halved over the past year. They face a two-pronged assault: rivals like Baidu and Meituan are vying for dominance of the Internet thanks to the emergence of generative AI. 98bn off pensioners’ savings (see graph below). 18. But the valuation gap now Naspers NPN-1. Sep 25, 2024 · Prosus and affiliate Naspers have also been selling down their stake in Chinese games giant Tencent. By 31 March 2023, Naspers had sold 43 356 695 Prosus shares and bought back Summary. Now Naspers looks to be gaining from newer e-commerce investments. Hiving off its global internet assets into a new company should help ease the pressure. Tencent slumped 10% in Hong Kong to its lowest level in two years on Monday after the Wall Street Journal reported that it will have to pay a record fine for allegedly violating Chinese anti-money laundering regulations. Naspers shares closed down 10. Tencent pledged to sharply increase investments this year after posting a 25% gain in quarterly revenue, aiming to fend off ByteDance and sustain its pandemic-era boom in gaming and cloud. Chinese technology shares slumped for a second session on Monday - on course for their worst two-day drop since July - thanks to renewed fears Beijing may roll out more restrictions for private enterprise. In 2011 Pony Jun 24, 2024 · June 24 (Reuters) – South Africa’s Naspers said on Monday its full-year earnings more than doubled, buoyed by improved performance of its e-commerce businesses and contribution from China’s Dec 28, 2023 · I started working in Silicon Valley in 2001, after Naspers completed its investment in Tencent. 5% to Naspers for US$32 million. The shares of both Prosus and Naspers slipped following the announcement on the stock exchange news service. COVID-19 ; Fall allergies ; Health news ; Mental health ; Relax ; Sexual health Nov 6, 2019 · Naspers Foundry made its first investment of ZAR 30 million in online cleaning services company, Sweepsouth in June this year. 67 on the JSE Tuesday morning, a price still comfortably ahead of the R553. Naspers subsidiary, Prosus, which holds the company’s 31% stake in Tencent, climbed 7. 8 billion) in the three months to end Jun 27, 2022 · Naspers has finally realised the value of simplicity. The group has been trimming its stake in Tencent over recent months, using the proceeds to buy back its own shares. JSE lower on Naspers’ Tencent fallout 2025-01-08 - Lindiwe Tsobo Markets Reporter tsobol@businessli­ve. Naspers is a global internet group and one of the largest technology investors in the world. Registration number 1925/001431/06 Incorporated in the Republic of South Africa JSE share code: NPN ISIN: ZAE000015889 Jun 27, 2022 · At the same time, Naspers sells Prosus N ordinary shared and purchases Naspers N ordinary shares. At the same time, Naspers sells Prosus N ordinary shared and purchases Naspers N ordinary shares. At the AGM, Mr Bekker rejected the idea that Naspers should sell its Tencent stake and give a Jul 18, 2019 · Using early June market cap figures for the Chinese companies, Naspers’ stake in Tencent should itself be worth over $125 billion. CONTEXT NEWS. 1% in Johannesburg. Disclaimer Apr 25, 2024 · Tencent also gave the share prices of Naspers and Prosus – which have been advancing over the last week – a quick boost. The programme is designed to efficiently unlock immediate value for shareholders and increase net asset value (NAV) per share over time. 35. Nov 16, 2022 · Shares in Prosus NV, Tencent’s largest shareholder, rose more than 6% on the JSE while Naspers also gained more than 6%. Prosus lost 15% to R741. Jun 24, 2024 · Naspers and Prosus say the buybacks benefit shareholders because Prosus is worth 30% less than the value of the Tencent stake, or $98 billion at current prices. Tencent bedryf ook China se grootste boodskaptoepassing, WeChat. Tencent weathered a challenging 2022 with resilience, supported by its diversified portfolio of products, businesses and investments. 5% to R1 533. 3% down in Hong Kong while Prosus and Naspers declined 8. JSE sponsor to Naspers Investec Bank Limited. Naspers Limited | 110,694 followers on LinkedIn. 4% in Hong Kong Friday. 4 days ago · Tencent is verreweg die waardevolste bate in die Naspers-stal, en deur Prosus besit Naspers sowat ʼn kwart van dié maatskappy (ten bedrae van ongeveer R2,2 triljoen). Naspers and Prosus started a share buyback programme in mid-2022 to reduce their trading discount. Registered office 40 Heerengracht Cape Town 8001 South Africa PO Box 2271 Cape Town 8000 South Africa Tel: +27 (0)21 406 2121 Fax: +27 (0)21 406 3753 Website: www. Now, Naspers' 33 percent stake in Chinese internet company Tencent is worth about $100 billion, or 20 percent more than Naspers itself. My work mode initially was two weeks in China, two weeks in the US. 2% of Tencent’s (OTCPK:TCEHY) shares, valued in the market at $118B. 4%. Jun 25, 2019 · Naspers Limited (NPSNY), the South African internet and media company, is selling $10. The $100 billion South African company has long traded at a hefty discount to the value of its 31% stake in the Chinese internet giant, which is Jun 27, 2022 · The move is aimed at closing a gap between the market value of Prosus/Naspers and that of the 28. The Hang Seng Index ended down 6. 9% of Tencent. This includes decisions made with respect to buying or selling Tencent, like every other asset. 4% to R1 711. 84 per share, respectively, on the JSE. Naspers shares plunged nearly 10%, closing down 9. We remained focused on executing our long-term strategy and delivering Jun 24, 2024 · Naspers and Prosus say the buybacks benefit shareholders because Prosus is worth 30% less than the value of the Tencent stake, or $98 billion at current prices. 9% stake in Tencent they own, which is currently worth about $136 billion. Tencent continues to struggle but manages to list on the Hong Kong Stock Exchange in 2004 and raises US$180 million. Response to COVID-19 Nov 17, 2022 · Naspers has a new Tencent quandary. Charles joined the Naspers group in 1998 in Hong Kong where he held the position of Chief Investment Officer for the group’s Internet Division. Naspers paid $32 million for a 46. 7 Reveal the Why with iStore Prevent & Protect with Sanofi RU120 - Rhodes celebrates 120 years Government Vacancies Government Tenders Press Office Partner Content Nov 1, 2022 · The Naspers Board and Prosus Board reiterate their continued confidence in Tencent's long term prospects and continue to believe that the share repurchase programme, is in the best interests of We operate and invest in countries and markets with long-term growth potential. The Naspers Board and Prosus Board reiterate their continued confidence in Tencent's long-term prospects and continue to believe that the share repurchase programme is in the best interests of Prosus, Naspers and their respective shareholders. 2 NASPERS Summarised consolidated financial statements for the year ended 31 March 2022 In a year marked with continued global turmoil and uncertainty, which has made for a turbulent operating environment, the financial year 2022 was a year of progress for Naspers. Owned by Naspers through its global Tencent is now China’s largest company by market capitalisation and Naspers crucially retains a 31% stake in Tencent today, having sold no shares before 2018. In 2001, Naspers made an early, successful investment of US$32 million, in Tencent. October 27 2024. 34, while Prosus lost 13% to R748. 82 it traded at a year 5 days ago · Naspers shares slid sharply by over 9% on Tuesday morning, while those of its Europe-based subsidiary Prosus fell 8. Prosus 5 days ago · Shares of Naspers and its Amsterdam-listed subsidiary Prosus both slumped around 8% on Tuesday morning, which follows news that Washington has added Chinese tech giants, including Tencent, to a list of firms that work with the Chinese military. Dec 22, 2023 · Tencent fell more than 15%, while in SA, Naspers lost almost 14% and Prosus more than 12%. By midday on Monday, Naspers was down 14. 5% to HongKong$374. 5 percent stake in 2001, in the Chinese company’s early stages Oct 24, 2022 · Naspers has a majority stake in Prosus, which holds 28. He is a director of MultiChoice Group Limited and Naspers Group companies. com. Prosus dropped 11% at R765. This female founder-led business has created 15,000 jobs for domestic cleaners. Because 1) if Prosus ever unlocks its fair value off its Tencent holding, shareholders will stand to gain significantly more than holding Tencent alone, 2) its a way to invest in China without directly investing in them (a bit of a cop out, but some people stand by it), and 3) they own much more than just Tencent, including significant investments in developing nations (with the cash on hand Feb 13, 2017 · Naspers owns 34%, valued at $83. Through Prosus, the group operates and invests globally in markets with long-term Feb 21, 2022 · Naspers and its subsidiary Prosus, which owns nearly 29% of Tencent, were down around 4% in morning trading on the JSE. 6%, boosted by consolidated profitability in its Chinese e-commerce unit, Tencent. Sep 11, 2019 · But the most valuable piece in Prosus’ portfolio is its 31 percent slice of Tencent. 79) gained almost 10% on Wednesday. Mar 15, 2022 · After falling more than 15% at one point, Naspers ended Monday down 13% at R1 557. iuniv xnff iayksg rbejm zimlpp ldtvo roal mtoqebsx fpbkj shx