Media giant Naspers' share price dipped by more than 5% yesterday as its Chinese investment holding company announced results that fell short of estimates.
Tencent reported its slowest quarterly net income growth in four years. The Chinese version of "slow" - in this case growth of nearly 13% on a year ago - seems stellar by South African standards.
The company's revenue in the three months in December climbed by 40% to $2.74-billion.
Naspers, originally an Afrikaans print media company, now sees its market capitalisation dominated by its 34% stake in Tencent.
Together, the two giants are now rolling out projects in South Africa and other African markets.
The app is being marketed strongly in South Africa with a range of television advertisements.
Brett Loubser, MD of WeChat Africa, said that more than a 100000 people have joined the app simply to connect with the official Big Brotherpage.
Naspers shares closed down 4.91% on R1160.05, but are still up 108% on a year ago.
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