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Tencent's top backer to cut US$134 billion stake

Prosus NV is planning to sell more of its US$134 billion stake in Chinese Internet giant Tencent Holdings Ltd (้จฐ่จŠ) to finance a buyback program, reversing a pledge to hold on to the full shareholding despite regulatory uncertainty. Tencent yesterday erased earlier gains in Hong Kong as investors pondered the extent to which Prosus, the Chinese companyโ€™s biggest shareholder, will unload its stock. The shares fell as much as 2.5 percent and closed 1.56 percent lower. โ€œWe will keep selling ...
Hong Kong South Africa Noord Holland Steven Leung Van Dijk Bob Van Dijk

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South Africa IT Industry Report 2022: Rankings, Spending Forecasts and Estimates, Notable Players and their Performance, Corporate Actions, Regulation, Influencing Factors and Trends

/PRNewswire/ -- The "The IT Industry in South Africa 2022" report has been added to ResearchAndMarkets.coms offering. This report focuses on the IT industry,...
South Africa South African Laura Wood Samsung Electronics South Africa Pty Ltd Morvest Group Pty Ltd Gijima Group Ltd

South Africa IT Industry Report 2022: Rankings, Spending Forecasts and Estimates, Notable Players and their Performance, Corporate Actions, Regulation, Influencing Factors and Trends

/PRNewswire/ -- The "The IT Industry in South Africa 2022" report has been added to ResearchAndMarkets.coms offering. This report focuses on the IT industry,...
South Africa South African Laura Wood Samsung Electronics South Africa Pty Ltd Morvest Group Pty Ltd Gijima Group Ltd

Similarweb (NYSE:SMWB) Sets New 1-Year Low at $8.06

Shares of Similarweb Ltd. (NYSE:SMWB – Get Rating) hit a new 52-week low on Monday . The company traded as low as $8.06 and last traded at $8.06, with a volume of 298 shares trading hands. The stock had previously closed at $8.88. A number of research analysts recently issued reports on SMWB shares. Cantor […]
United States United Kingdom Asia Pacific Ulysses Management Fund Managers Ltd Naspers Ltd

Similarweb (NYSE:SMWB) Hits New 1-Year Low at $8.06

Similarweb Ltd. (NYSE:SMWB – Get Rating) reached a new 52-week low on Monday . The stock traded as low as $8.06 and last traded at $8.06, with a volume of 298 shares trading hands. The stock had previously closed at $8.88. Several research firms have weighed in on SMWB. JMP Securities cut their target price […]
United States United Kingdom United Kingdom General Asia Pacific Ulysses Management Blackrock Inc

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