{"id":53219,"date":"2014-02-17T12:04:49","date_gmt":"2014-02-17T10:04:49","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=53219"},"modified":"2014-02-17T12:04:49","modified_gmt":"2014-02-17T10:04:49","slug":"tencent-lifts-naspers-to-record-highs","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/media\/53219\/tencent-lifts-naspers-to-record-highs\/","title":{"rendered":"Tencent lifts Naspers to record highs"},"content":{"rendered":"<p>JSE darling, Naspers traded at record highs in mid-day trade on Monday (17 February), lifted by its Chinese investment, Tencent Holdings.<\/p>\n<p>The media and internet\u00a0giant\u00a0added R52 or 4.3% to R1,272 in noon trade, having reached an intraday best of R1,275. Naspers\u00a0first broke through the R1,000 barrier in early December 2013.<\/p>\n<p>The\u00a0company\u00a0is showing returns of\u00a0113% over the past 52 weeks, and helped lift the JSE by\u00a00.94%, to\u00a047,066 points on Monday.<\/p>\n<p>Reuters reported that Tencent, which is over 30% owned by Naspers, also traded\u00a0at an all-time high in Honk Kong with a market valuation of $131.8 billion.<\/p>\n<p>The social networking and video games firm&#8217;s rise came amid\u00a0mounting speculation that it will make a $400 million investment for a 20% stake in Chinese restaurant-review site Dianping.<\/p>\n<p>Officials with Tencent and Dianping declined to comment.<\/p>\n<p>Tencent shares are now up more than 16% on the year, having added 99% in 2013.<\/p>\n<h3 class=\"my-4\">More on Naspers and Tencent<\/h3>\n<p><a title=\"Naspers revenue boosted by Tencent\" href=\"http:\/\/businesstech.co.za\/news\/internet\/50026\/naspers-revenue-boosted-by-tencent\/\"><strong>Naspers revenue boosted by Tencent<\/strong><\/a><\/p>\n<p><a title=\"Naspers to reach R1,300?\" href=\"http:\/\/businesstech.co.za\/news\/media\/48962\/naspers-to-reach-r1300\/\"><strong>Naspers to reach R1,300?<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>JSE darling Naspers traded at record highs in mid-day trade on Monday lifted by its Chinese investment Tencent Holdings.<\/p>\n","protected":false},"author":10,"featured_media":7866,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5554],"tags":[25,7475,107,1977],"class_list":["post-53219","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-media","tag-active","tag-dianping","tag-naspers","tag-tencent"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/53219","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=53219"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/53219\/revisions"}],"predecessor-version":[{"id":53222,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/53219\/revisions\/53222"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/7866"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=53219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=53219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=53219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}