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Johannesburg - Africa's biggest media group Naspers has trimmed losses after China's Tencent Holdings, of which it owns more than 30%, posted a 51% rise in third-quarter profit, helped by strong growth of its online games segment.
Naspers shares, which were down more than 2% earlier in the session, are now 1% down at R358.
Shares of the company are up about 20% so far this year.
Naspers is due to publish its half-year earnings on November 30.
Fin24 is a Naspers publication.