The Naspers stable extended losses on Monday, with Asian tech stocks including Tencent under pressure amid reports Chinese regulators are looking to split up Alipay, the payments app owned by Jack Ma’s Ant Group.

Naspers, whose most valuable asset is a stake in Tencent, owner of the messaging app WeChat, has seen its value drop almost a fifth in the past month, wiping off more than R200bn as investors continue to worry about the safety of their capital in the Asian country amid a crackdown on technology companies...

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