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The JSE has warned the market to take caution in trading Naspers and Prosus shares this week and on Monday amid the share swop transaction between the firms, which would introduce an element of market risk.
BusinessWorld
August 5, 2021 | 12:03 am
Economic Information Daily cited Tencentâs
Honor of Kings in an article in which it said minors were addicted to online games and called for more curbs on the industry. The outlet is affiliated with Chinaâs biggest state-run news agency, Xinhua.
The broadside re-ignited investor fears about state intervention after Beijing had already targeted the property, education and technology sectors to curb cost pressures and reassert the primacy of socialism after years of runaway market growth.
âThey donât believe anything is off limit and will react, sometimes overreact, to anything on state media that fits the tech crackdown narrative,â said Ether Yin, partner at Trivium, a Beijing-based consultancy.