Naspers slides after Tencent hit

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Tencent

REUTERS

Tencent headquarters at Nanshan Hi-Tech Industrial Park in the southern Chinese city of Shenzhen.

Johannesburg - Shares of South African media and e-commerce firm Naspers drop nearly 5 percent, tracking a slide in Chinese Internet firm Tencent Holdings, which was hit in a sell-off of Hong Kong-listed firms.

Tencent, which is over 30 percent owned by Naspers, fell 4 percent on Friday, as investors sent Hong Kong stocks to their lowest close since November on lingering worries about Chinese growth.

Shares of Naspers are down 4.8 percent at 1,094.99 rand. - Reuters


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