The tech investor warned its profit dropped significantly last year due to impairments and lower contributions from Tencent.
Browsing: Tencent
China’s Tencent Holdings marked a return to revenue growth in the first quarter.
Prosus is exploring potential divestments from fintech company PayU, according to people familiar with the matter.
Naspers-owned Prosus has continued its selloff of China’s Tencent, bringing its stake in the Chinese internet giant to under 26%.
Tencent said its self-developed video transcoding chip Canghai has entered mass production.
Tencent Holdings tumbled by the most in seven weeks amid speculation its controlling shareholder, Naspers-controlled Prosus, may speed up selling shares.
ByteDance’s revenue surged more than 30% to surpass $80-billion in 2022, matching the tally at archrival Tencent.
Tencent Holdings founder Pony Ma and others from China’s crackdown-hit Internet sector will be absent from this year’s parliamentary sessions.
Naspers is backing rent-to-buy car firm Planet42 in a $100-million debt and equity fundraising.
Prosus and its parent Naspers are planning to cut their corporate workforce by 30%, becoming the latest companies in global tech to announce layoffs.