Market reaction against Tencent a likely overreaction
The most sensible course for Naspers investors for the moment would be to do nothing
19 August 2020 - 16:28
Tencent, through its holding of WeChat, has been caught up in the escalating China/US trade tensions, which has potential implications for holders of shares in Naspers and Prosus.
On August 6 US President Donald Trump issued two executive orders against Chinese tech companies, imposing a ban on US transactions with TikTok and WeChat on the grounds that “they threaten national security, foreign policy and the economy”. The ban comes into effect on September 20...
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