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PROSUS STAKE IN TENCENT
Prosus doubles half-year core profit amid e-commerce pivotProsus reported a 99% surge in adjusted half-year core profit, reaching $423 million, driven by strong digital services and e-commerce perf...- Prosus doubles stake in Urban Company ahead of $1.8 billion IPOProsus NV, buoyed by its Tencent success, has significantly increased its stake in Urban Company to 7.35%, becoming a major shareholder ahe...
- Prosus doubles stake in Urban Company ahead of $1.8 billion IPOProsus NV, fueled by its Tencent success, has significantly increased its stake in Urban Co. to 7.35% ahead of its IPO, investing $139 mill...
- Early investors clock big gains as Swiggy makes Dalal Street debutWhile existing shareholders sold stocks worth Rs 6,400 crore in the offer-for-sale (OFS) to book a big profit on their investments, the 17%...
- Prosus gains $2 billion on Swiggy investment with IPO valuationProsus NV, Tencent's top investor, has made over $2 billion from its investment in Swiggy, highlighting the value of its portfolio beyond T...
- Prosus reports $2 billion in core earnings, sees ecommerce profitability earlierCore headline earnings for the six months ended September 30 were $2 billion, from $1.1 billion in the same period a year earlier, in line ...
- Prosus & Naspers CEO Bob van Dijk steps down abruptly; Zomato hits 52-week highIt’s been a day for top-level exits. The really big one: Bob van Dijk, CEO of Dutch-listed technology investment firm Prosus and its parent...
- Naspers chairman Koos Bekker says company has no plans to sell Tencent stakeThe 26% stake in Tencent, valued at around $100 billion, forms the bulk of the value of both companies.
- Dutch tech investor Prosus to end cross-holding with parent NaspersThe cross-holding had been set up in 2021 via a share swap deal under which Prosus issued new shares to buy a 45.4% stake in Naspers, effec...
- Prosus posts $617 million ecommerce trading loss, H2 sees improvementNet profit fell to $10 billion from $18.6 billion, mostly due to a worse performance by Chinese software giant Tencent, in which Prosus own...
- Tech investor Prosus flags sharp drop in full-year profitThe company said earnings from consolidated businesses in the second half of the year had been stronger than in the first six months, and t...
- Transaction declined: why Prosus scrapped the $4.7 billion PayU-BillDesk dealIn a note published on the Prosus’ website, Eoin Ryan, head of investor relations, said: “Certain conditions precedent were not fulfilled b...
- Legendary China bets unwind as Warren Buffett, SoftBank, Naspers sellBig-name investors who’ve made billions from Tencent Holdings, Alibaba Group Holding, and BYD Co., are taking money off the table.
- Prosus says Indian portfolio firms Swiggy, Byju’s saw strong growth in FY22“Our food platforms continued to grow strongly at the core of the food delivery business and are now investing to extend that growth throug...
- Exclusive: Even later-stage investors can get hefty returns in India, says Naspers CEO Bob van DijkThe investment firm is convinced of the Indian market's potential to deliver hefty returns to even later-stage investors like the South Afr...
- Prosus plans to raise stake in parent Naspers to 50% in share swap dealThe Prosus-Naspers share swap deal will move part of their shareholding in China's Tencent Holdings to Amsterdam in The Netherlands from Jo...
- Prosus to sell 2% stake in Tencent worth $15 billionProsus, majority-owned by Naspers of South Africa, said the sale would lower its stake in Tencent to 28.9% from 30.9%.
- Naspers banks on ecommerce boom post pandemic for growthNaspers benefited during the lockdown as more people shifted online for shopping, food, making payments, or learning.
- Europe follows Asian stocks lower as U.S.-China tensions escalateThe pan-European STOXX 600 index was down 0.2% by 0717 GMT, with banks, automakers and oil and gas firms leading declines.
- Naspers to bet on machine learningNaspers has taken stakes in myriad businesses around the world to try and replicate its success with Tencent, which it backed as a startup ...
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