The past year has been a tumultuous one for Tencent due to extreme regulatory uncertainty within their video game business which drove weaker than expected Q2 results. Naspers, the largest stock on the JSE, was directly exposed to these developments by virtue of its 31% ownership of Tencent. In the latest issue of The Burgundy, our TMT analyst, Nadim Mohamed, unpacks these issues and asks the question whether it is ‘game over’ due to the escalation of regulatory scrutiny. Please find below a link to the publication.

The Burgundy Issue 21 – Tencent: Game Over or Level Up?