Naspers loses R100bn in one day. Ukraine day 19 summary. Pete D going to space on Bezos rocket. Lewis Hamilton changing name. Fake heiress deported.
Dubbed “Net City”, Tencent’s ‘city of the future’ looks like it’s going to be pretty impressive.
Asia’s biggest stock, Tencent, is on an unprecedented downward spiral, losing billions in market value during a 10-day losing streak.
Russia warns Google. Tencent worth more than Facebook. Backstreet Boy rape. Ramaphosa set for pres nod. Guptas to testify. Chess champ ranks Putin vs. Trump. Social Media / mobile boom over? NYT journey sex assault claims. Gisele toppled. Highest paid female musician 2017.
A German taxi aviation company has reached $100 million in funding, after five groups invested in its idea this week. Naspers will be keenly watching on, too.
Internet firms Alibaba and Tencent are among 10 other companies shortlisted to set up private banks in China.
Chinese Company Tencent is bigger than YouTube, LinkedIn and Twitter combined, with a market capitalization of $57 billion. It is also the company that makes billions of rands each year for Naspers and Koos Bekker.
The newest kid on the personal communication app scene is WeChat. Having burst on to the global market after a lengthy incubation in China, the Tencent-owned startup is proving to be one of China’s most promising players on the tech scene, and it is threatening to take Whatsapp’s lunch money.
One of 2oceansvibe’s favourite South Africans and former guest, Koos Bekker, conducted an interview with Summit TV and featured on BDlive. Click through to see what Koos has to say about newspapers, digital media, Naspers, their operations in China, and acquisitions.