File: The Naspers logo. Wikimedia Commons
JOHANNESBURG - Naspers shares continue to slide as Chinese authorities tighten their regulatory grip on technology companies.
It fell a further 6 percent on Tuesday after Tencent, in which it owns nearly 30 percent, was subjected to regulatory scrutiny in China.
Last week, Chinese competition authorities ordered Tencent to stop exclusive music licensing deals and levied a small fine after taking similar action against other technology firms.
Naspers now accounts for about 15 percent of the Johannesburg Stock Exchange.