Prosus

Prosus Reports First Half Profit After Strategic Sales of Tech Firm Stakes

20 days ago

In a surprising turn of events, Prosus, the global consumer internet group, announced that it swung to a profit in the first half of its financial year. This financial upswing comes on the heels of significant strategic moves, particularly the sale of stakes in various technology firms. The company's ability to pivot and capitalize on these sales appears to have strengthened its financial footing, marking a notable achievement in an ever-evolving tech landscape.

Prosus Reaps $2 Billion Windfall from Swiggy's IPO Valuation Surge

1 month ago

In a significant financial development, Prosus has reported a profit of $2 billion from its investment in Indian food delivery giant Swiggy, coinciding with the company's recent public offering (IPO). Swiggy, which has rapidly expanded across the Indian subcontinent, saw its valuation soar to an impressive $10.7 billion post-IPO, offering substantial returns for early backers like Prosus.

Prosus Aims to Revolutionize E-Commerce with AI Innovations to Double Its Value

2 months ago

In a bold strategic move, Prosus, the international consumer internet group and one of the largest technology investors globally, has announced its ambitious plans to significantly enhance its e-commerce operations by leveraging artificial intelligence (AI). The company aims to double its current market value, setting a high benchmark for itself in the competitive landscape of digital commerce.

Prosus Fully Exits Stake in China's Trip.com

3 months ago

What seems to be a strategic financial move, Prosus NV reportedly sold all of its stake in Trip.com Group Ltd., one of China's major online travel agencies. According to people familiar with the transaction, the technology investment firm reached the deal recently, in what is perceived as a strategic shift in the investment strategy at Prosus.