South African media giant may cash out its $4.6 billion special dividend stake in the food delivery platform as it funds a massive share buyback of its own

South African media giant may cash out its $4.6 billion special dividend stake in the food delivery platform as it funds a massive share buyback of its own

Shares of the China tech giant drop as much as 2.5% after Dutch-based technology investor said it had plans to sell more of its holdings to finance a buyback program

Sale will fortify investment company’s war chest for new deals while leaving it Tencent’s biggest shareholder with almost 29%

Stock rebounds above HK$400 after a rough two years during government crackdown on gaming content and freeze on new approvals

Investment in Swiggy was led by South Africa’s Naspers, which was also an early investor in Tencent

Ofo founder blacklisted by court amid debt woes; HSBC, Standard Chartered are cutting off Huawei; Tencent joins Naspers in a $1 billion funding round for India’s Swiggy

Social networking giant could be near peak, but still has strong profit potential despite sell-down by major shareholder

Naspers promises no more sales of shares in social media group for at least three years