Prosus (Ofer Abarbanel online library)

Prosus N.V., or Prosus, is the international internet assets division of Naspers.[4] The global investment group is the largest consumer internet company in Europe, and among the largest technology investors in the world, operating across a variety of platforms and geographies.

Prosus acquired a portfolio of international internet firms, including fintech, and food delivery systems.[5] Products and service of its businesses and investments are used by more than 1.5 billion people in 89 markets.[3]

On 11 September 2019, Prosus’s ordinary shares were listed on Euronext Amsterdam and, as a secondary inward-listing, on the Johannesburg Stock Exchange. Subsequent to its IPO, Prosus is majority owned by Naspers and is the largest consumer internet company in Europe by asset value.[6] Shares in the company were reported to have “soared on debut.”[7][4]

Business

The group’s expansion into internet platforms began in the 1990s,[3] spanning online consumer services, including:

  • E-commerce – including its subsidiary, OLX (100%), Takealot.com (96%)
  • Fintech – including its subsidiary, PayU (98.8%)
  • Food delivery – including its subsidiary and associates, iFood (54.8%), Delivery Hero (22.3%) and Swiggy (38.8%)
  • Etail – including its subsidiary, eMag (80.1%)
  • Travel – including its associate, Ctrip (6%)

It is also the largest shareholder of social Internet platforms:

  • Tencent (31%)[8]
  • ru Group (28% in 2019)[3][9]

References

  1. ^Inc, Midwest Communications. “Tech investor Prosus reports full-year profit up 6.7%”. WKZO. Retrieved 2020-06-29.
  2. ^“Prosus has R120bn war chest to keep on growing”. BusinessLIVE. Retrieved 2020-06-29.
  3. ^ Jump up to:ab c d “Prosus, Prospectus, 26 August 2019” (PDF).
  4. ^ Jump up to:ab Wexler, Alexandra (September 11, 2019). “Introducing Prosus: A Rare European Mega-Tech Stock” – via www.wsj.com.
  5. ^Schulze, Elizabeth (September 11, 2019). “A $100 billion tech company you’ve never heard of just listed in Europe”. CNBC.
  6. ^“Naspers Announces Revised Timetable for the Listing of Prosus on Euronext Amsterdam and JSE”.
  7. ^“Subscribe to read | Financial Times”. www.ft.com.
  8. ^Wilmot, Stephen (June 24, 2019). “One of the Best Investments in History Becomes a Headache” – via www.wsj.com.
  9. ^“Investor relations – Mail.ru Group”. corp.mail.ru.

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