Shares in Prosus and Naspers bounced 5% on Monday, thanks to rising profits in its non-Tencent businesses

Prosus’s AI-powered ecosystem is moving from ambition to reality, delivering stronger financial performance across its global businesses.

Broadly, the group’s profitability has jumped 84%, while free cash flow is up $2bn in three years.

Prosus is the latest tech firm to suffer a beating as it ramps up investment into its food-delivery business