Shares in Prosus and Naspers bounced 5% on Monday, thanks to rising profits in its non-Tencent businesses
Broadly, the group’s profitability has jumped 84%, while free cash flow is up $2bn in three years.
An AI victory for Tencent will be a hit for Naspers/Prosus too – far more than what CEO Fabricio Bloisi might deliver
Not too long ago, Naspers’s e-commerce businesses were burning cash. Now they’re almost all profitable, while the Tencent juggernaut soldiers on
Whether Fabricio Bloisi wins his $100m ‘moonshot’ award largely comes down to the performance of Chinese tech conglomerate Tencent
The company’s share price is up 67% in a year, taking its market capitalisation to a record €120bn
Investors say the argument for unbundling Tencent is compelling, citing China’s political risk. Prosus chair Koos Bekker sees it entirely differently
Naspers and Prosus’s sprawling business is in the black – even without Chinese investment Tencent
The Naspers chair has sold chunks of his shares to fund his hotel-building spree. But for ordinary investors, now might be the time to buy
Naspers/Prosus are making actual profits that have nothing to do with Tencent – at last