Follow CAP on Social Media

Listen to the CAP Podcast

Naspers Stock Rises on White House Assurances That Proposed WeChat Ban Won’t be as Broad as Previously Feared

Investors in Africa’s most valuable public company, Naspers, breathed a sigh of relief on Monday after hearing that any White House measures against WeChat and its parent company Tencent won’t be as broad as initially feared.

A Naspers subsidiary is Tencent’s largest shareholder, owning 31% of the company, so any U.S. sanctions against Tencent would likely impact the African media giant as well. (BLOOMBERG)

  • Get a daily email packed with the latest China-Africa news and analysis.
  • Read exclusive insights on the key trends shaping China-Africa relations.
  • Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South.

China, Africa and the Global South... find out what’s happening.

Subscribe today for unlimited access.

What is The China-Africa Project?

Independent

The CAP is passionately independent, non-partisan and does not advocate for any country, company or culture.

News

A carefully curated selection of the day’s most important China-Africa stories. Updated 24 hours a day by human editors. No bots, no algorithms.

Analysis

Diverse, often unconventional insights from scholars, analysts, journalist and a variety of stakeholders in the China-Africa discourse.

Networking

A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.