Is Prosus NV (Prus) Chinese stocks down Big?
3 Chinese Stocks Are Down Big. Is It Time to Buy? Prosus NV engages in the provision of different technology platforms. It operates through the following segments: Ecommerce, Social and Internet Platforms, and Corporate.
How much did the CEO of Prosus spend on shares?
The CEO's purchases, registered with the Dutch financial markets authority AFM, were 122,750 shares purchased at an average price around 71.90 euros, Prosus said.
How much of Prosus does Naspers own?
Naspers holds 73% of Prosus, which houses all of its international assets. AMSTERDAM, Jun 21, 2021--Prosus N.V. (AEX: PRX) full year results confirm revenues and trading profit at record levels in the group’s entire history, as well as strong progress on strategy
How does Prosus NV compare to SoftBank?
Sometimes compared to SoftBank and its Vision Fund, Prosus NV, owns stakes in a wide range of consumer internet companies, with returns from Tencent Holdings dominating its overall performance.
Is Prosus NV stock a good buy?
Prosus has received a consensus rating of Buy. The company's average rating score is 2.78, and is based on 7 buy ratings, 2 hold ratings, and no sell ratings.
Is Prosus listed on the US stock exchange?
Importantly, Prosus is not a trading platform. The company has a primary listing on the Euronext Amsterdam, with a secondary listing on the Johannesburg Stock Exchange, under the symbol PRX. It also has an ADR programme trading on an over-the-counter basis in the United States (PROSY).
What companies does Prosus own?
E-commerce - including its subsidiary, OLX (100%) Fintech - including its subsidiary, PayU (98.8%) Food delivery - including its subsidiary and associates, iFood (54.8%), Delivery Hero (22.3%) and Swiggy (38.8%) Retail - including its subsidiary, eMag (80.1%)
What percentage of Prosus is Tencent?
roughly 29%Prosus owns a roughly 29% stake in Tencent (TCEHY).
How much did Prosus invest in Tencent?
J) of South Africa said on Monday they intend to sell down their enormous stake in Chinese software giant Tencent (0700.HK) to fund a share purchase program. Prosus holds a 28.9% take in Tencent worth more than $100 billion.
Is Prosus a Chinese company?
Tencent declined in Hong Kong on Monday as investors pondered the extent to which Prosus, the Chinese company's biggest shareholder, will unload its stock.
Who owns Prosus stock?
Naspers Ltd.The move represents a change of heart by Dutch e-commerce giant Prosus -- majority owned by South Africa's Naspers Ltd. -- which said after its last sale in April 2021 it wouldn't offload more shares for three years.
What is the relationship between Prosus and Naspers?
Naspers and Prosus today announce a long-term share repurchase programme of Naspers and Prosus shares. The programme is designed to increase net asset value per share, taking advantage of both Prosus's and Naspers's trading discounts to their underlying net asset value.
Where is Prosus listed?
On 11 September 2019, Prosus's ordinary shares were listed on Euronext Amsterdam and, as a secondary inward-listing, on the Johannesburg Stock Exchange.
What is Prosus 2021?
Fiscal Q4 2021 ended 3/31/21. Prosus N.V., or Prosus, is a Dutch company that is the international Internet assets division of South African multinational Naspers. The global investment group is the largest consumer Internet company in Europe, and among the largest technology investors in the world.
Where is Prosus based?
Based in the Netherlands, Prosus was spun out of South Africa's Naspers in 2019 with a mandate to manage the spoils of a $32 million bet on China's Tencent, now worth $200 billion, on a 30-year investment horizon.
Who is Prosus 2021?
AMSTERDAM, August 31, 2021--Prosus N.V. ("Prosus"), the global consumer internet group and one of the largest technology investors in the world, announced today that an agreement has been reached between PayU and the shareholders of the Indian digital payments provider BillDesk to acquire BillDesk for US$4.7 billion.
Is Prosus a SoftBank?
AMSTERDAM/JOHANNESBURG (Reuters) - Prosus, Europe's answer to SoftBank and its Vision Fund, is betting that its long- term investments can fill a yawning valuation gap and give it the same name recognition as one of the world's most aggressive technology investors. Based in the Netherlands, Prosus was spun out of South Africa's Naspers in 2019 with a mandate to manage the spoils of a $32 million bet on China's Tencent, now worth $200 billion, on a 30-year investment horizon. Japanese giant SoftBank's own firepower is backstopped by its stake in Alibaba, which has its origins in CEO Masayoshi Son's $20 million investment in the Chinese e-commerce firm.