Shares in Naspers and Prosus slumped on Friday after China issued new measures to limit players’ spending in videogames.
Browsing: Prosus
Takealot Group produced a resilient half-year performance, only dampened by parent Naspers’s reporting in US dollars.
Naspers has reported a jump in half-year profit, boosted by its e-commerce businesses and China’s Tencent.
PlusOne, the Naspers-owned generative AI tool that acts as an aggregator of several third-party AI models.
Prosus’s new interim CEO inherits a conundrum from his predecessor: how to bridge the yawning gap between the value of the company’s stock and its assets.
Ervin Tu, newly appointed Naspers and Prosus interim CEO, has promised investors stability and investment discipline.
Bob van Dijk is stepping down as CEO of both Naspers and its European-listed spinoff Prosus with immediate effect.
Naspers-owned Prosus has launched an aggregated generative AI tool called PlusOne across its portfolio of companies.
PayU has announced it will sell its Global Payments Organisation business for $610-million at its pivots to India.
The removal of the cross-holding structure will let Naspers continue its share buyback programme.