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Bob van Dijk - 1 Naspers - 1 Koos - 1 Van Dijk - 1 Prosus - 1 crossholding - 1 van Dijk - 1 We've - 1
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Bob van Dijk Bloomberg - 1 Bloomberg - 1 Getty - 1 South - 1 Naspers - 1 South African Reserve Bank - 1 Tencent Holdings - 1 Johannesburg Stock Exchange - 1

Search resuls for: "Tencent's Ma"


2 mentions found


☆ Tencent investors Naspers and Prosus announce abrupt departure of CEO Bob van Dijk
  + stars: | 2023-09-18 | by ( Arabile Gumede | ) www.cnbc.com   time to read: +2 min
Bob van Dijk Bloomberg | Bloomberg | Getty ImagesThe immediate and mutually agreed departure of Naspers and Prosus CEO Bob van Dijk underscores a complicated few years for a firm seen riding on the coattails of its holdings in Chinese tech giant, Tencent . The South African Reserve Bank gave Naspers the greenlight to begin buying back more of its shares from Prosus. 'Getting rid' of the cross holdingPrior to the current structure, Naspers (headquartered in South Africa) owned a third of Chinese internet giant Tencent Holdings. Van Dijk oversaw the decision to split off its holding of Tencent and other tech holdings into Prosus in 2019. But that crossholding offered little value to investors with van Dijk telling Reuters at the time: "They [shareholders] said we don't like this cross holding, it creates complexity.
Persons: Bob van Dijk, Naspers, Koos, Van Dijk, Prosus, crossholding, van Dijk, We've, we're, Erwin Tu, Tu, Goldman Sachs Organizations: Bob van Dijk Bloomberg, Bloomberg, Getty, South, Naspers, South African Reserve Bank, Tencent Holdings, Johannesburg Stock Exchange, Euronext, Reuters, Citi, SoftBank Group Locations: Dutch, Prosus, South Africa, Johannesburg, Naspers
☆ Tencent's low-profile founder praises China's new support for private firms
  + stars: | 2023-07-20 | by ( ) www.reuters.com   time to read: +1 min
BEIJING, July 20 (Reuters) - Pony Ma, the low-profile founder of Tencent (0700.HK), on Thursday published an article in state media praising Beijing's new supportive policies for the private sector, as a shift in tone towards Chinese technology companies continues. His article, published by state broadcaster CCTV, said Tencent was "excited and encouraged" by the government's guidelines, which he described as clear and "highly targeted." The social media and gaming giant would take measures such as increasing independent innovation to implement the spirit of the guidelines, he said. Last year, Tencent's Ma caused a social media stir when he reposted an article on China's economy that lamented there were few people in China willing to speak up about the pressures facing the country's economy and businesses. Reporting by Liz Lee; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.
Persons: Ma, Tencent, Jack Ma, Tencent's Ma, Liz Lee, Jamie Freed Organizations: HK, Thomson Locations: BEIJING, Beijing, China
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