Prosus delivers against strategic objectives and is on track to achieve profitability target
The removal of the cross-holding simplifies Prosus and enables the continuation of the share repurchase programme at the Naspers level.
The removal of the cross-holding simplifies Prosus and enables the continuation of the share repurchase programme at the Naspers level.
China’s Tencent will dole out more than 958 million Class B stock in Meituan as a special dividend to existing shareholders.
Uber reported revenue that beat analysts’ expectations, fueled by a recovery in driver supply that supported increased ridership.
Another blow for Naspers fans is news that China’s biggest food delivery company, Missfresh, has gone bust.
JSE heavyweights Naspers and Prosus announced earnings guidance for its half-year, which were markedly lower compared to the prior period.
Naspers has made some big bets in the food delivery and EdTech space in recent years, which according to Van Dijk are starting to bear fruit.
Ted Black delves deeper into the performance of food delivery services and makes his own assessment on whether Prosus really lost out on Just Eat.
Through Prosus, Naspers is a major player in the world of global food delivery, but the long-term future of the business is anything but clear.
Swiggy, India’s largest food delivery platform which is 39% owned by Prosus, has raised $113m from existing investors.
Under CEO Bob van Dijk, Prosus showed unusual discipline when it decided to walk away from its R100bn bid for European food delivery giant JustEat.