Top 10 global technology investor Naspers added more than R110bn —  about half the size of Standard Bank Group — to its market value on Monday to close at its highest level on record as shares in its major holding, Chinese internet giant Tencent, soared in Hong Kong.

Tencent, of which the Naspers stable is the single biggest shareholder, closed 10.93% stronger in Hong Kong, with markets in the wealthy city higher after authorities opted to put an end to a lockdown in one of its most densely populated areas...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now