South Africa’s Naspers plans to sell $10 billion worth of shares in Tencent to raise money for other investments, it said on Thursday. This is the first time Naspers is selling shares in Tencent since it made its original $32 million investment in the Chinese social media giant in 2001. That investment turned into a home run. Naspers remains Tencent’s biggest shareholder even after the sale,...
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Can Livestream Shopping Cure the Holiday Gifting Blues?
Hi, welcome to the Weekend.It might seem against the holiday spirit to say so, but does anyone really love gift-shopping these days? Even pre-pandemic, it was a stress-inducing affair, loaded with decision fatigue, toy-of-the-year FOMO and ghosts of bad presents past.Into this consumerist minefield has stumbled a strange new entrant: livestream shopping. In this week’s issue, writer Janet...
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