News Snapshot:
Why South Africans should care about Naspers and China’s tech impact Share this article: The Chinese government is flexing its muscle against consumer technology companies and South Africans are affected. It started with just Ant Financial, Jack Ma’s company, and now almost all Chinese consumer technology companies are under the scrutiny of the Chinese government including Tencent, a company which is partly owned by South African founded technology giant, Naspers. It is the Naspers exposure to Tencent that should worry South Africans, here’s why. Tencent shares have plummeted by more than 16 percent since the Chinese government ordered the company...
