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Tencent Revenue Disappoints in Warning for China Tech Sector

(Bloomberg) -- Tencent Holdings Ltd.’s revenue missed estimates, signaling an uneven recovery for the world’s biggest internet arena as it grapples with rising Chinese economic turbulence and anemic consumer sentiment.Most Read from BloombergHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia Calls Emergency Key Rate Meeting as Ruble PlungesTycoon’s Fortune Soars $39 Billion on Eyebrow-Raising SPACRussia’s Emergency Rate Hike Fa...
Bloomberg Businessweek Mayumi Negishi Bytedance Douyin Jane Zhang Robert Lea Sarah Zheng
Source: yahoo.com

Prosus Agrees to Sell Part of PayU to Rapyd for $610 Million

(Bloomberg) -- Prosus NV plans to sell part of its emerging-markets financial technology company PayU to Israel’s Rapyd for $610 million.Most Read from BloombergAsia’s Richest Families Fuel Race for Lucrative Finance JobsUS, Europe Are Growing Alarmed by China’s Rush Into Legacy ChipsCharles Koch-Tied Group Seeks to Block Trump From GOP NominationLots of US Homeowners Want to Move. They Just Have Nowhere to GoA 5% US Mortgage Rate Is Seen as Tipping Point to Unlock SupplyThe...
United States South Africa South African Bloomberg Businessweek Prosus Pay Bob Van Dijk
Source: yahoo.com

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Naspers, Prosus to Undo Cross-Holding to Boost Share Price

(Bloomberg) -- Dutch e-commerce investor Prosus NV and its parent Naspers Ltd. received approval from South African regulators to remove a cross-holding structure, boosting both companies’ shares. Most Read from BloombergPutin Blasts Wagner ‘Traitors’ as Prigozhin Defends RevoltStudent Loan-Relief Backers Warn Biden ‘Failure Isn’t an Option’The 10 Worst US Airports for Flight Disruptions This SummerRussia Latest: Putin Says Mutiny’s Organizers Sou...
South Africa Noord Holland South African Bloomberg Businessweek Van Dijk Peter Takaendesa
Source: yahoo.com

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