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Tencent Holdings Ltd pledged to embrace China’s new paradigm of stricter government oversight after reporting its slowest growth on record, declaring the end of an era that nurtured some of the world’s largest and most profitable corporations.
'We are proactively embracing changes to better align ourselves with the new industry paradigm,' Lau said
(Bloomberg) -- Tencent Holdings Ltd.’s revenue grew at the slowest pace since its 2004 listing, revealing the financial toll of China’s crackdown on its most lucrative businesses from gaming to advertising.
RIYADH: A unit of South African multinational holding company, and Egypt’s largest bank, Naspers Ltd, has invested in Egyptian fintech firm Lucky to boost its expansion in the North African and Middle East region, Bloomberg reported. The app for credit products, offers, and cashback rewards has secured $25 million in the funding round, led by Nclude. Other parties that
JPMorgan Chase & Co. downgraded shares of Naspers (OTCMKTS:NPSNY – Get Rating) from an overweight rating to a neutral rating in a report released on Tuesday, The Fly reports. NPSNY has been the subject of a number of other reports. Investec downgraded Naspers from a buy rating to a hold rating in a research note […]