Prosus N.V.

PRX

NL0013654783

Internet Services

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47.63 ^EUR	+2.49%		47.44	-0.39%

07-04	Kavaljer Investmentbolagsfond Rises 1.6 Percent in June - Exits Beijer Ref	FW
07-03	Indian e-commerce platform Meesho files confidentially for IPO	RE

Tencent Shareholder Prosus President, CIO Ervin Tu to Step Down

Published on 04/06/2025 at 06:43, updated on 04/06/2025 at 06:48

By Ian Walker

Prosus, the biggest shareholder of Tencent Holdings, said Group President and Chief Investment Officer Ervin Tu is stepping down.

The company--which has a 24.1% shareholding in Tencent according to LSEG Refinitiv--said Tuesday that Tu would remain with the group as an advisor.

Tu has been with the company since August 2021 and previously held the role of interim CEO before the appointment of Fabricio Bloisi last July.

Write to Ian Walker at ian.walker@wsj.com

(END) Dow Jones Newswires

06-04-25 0142ET

Stocks mentioned in the article

Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
NASPERS LIMITED	5,456.24ZAR	+1.81%	-1.07%	47.67B
TENCENT HOLDINGS LIMITED	502.00HKD	0.00%	0.00%	580B
PROSUS N.V.	47.63EUR	+2.49%	+0.34%	125B

Latest news about Prosus N.V.

Kavaljer Investmentbolagsfond Rises 1.6 Percent in June - Exits Beijer Ref	07-04	FW
Indian e-commerce platform Meesho files confidentially for IPO	07-03	RE
PROSUS : JP Morgan gives a Buy rating	07-01	ZD
PROSUS : Prosus ignites: Doubling growth with AI-powered ecosystems by 2028	06-30
PROSUS : Barclays keeps its Buy rating	06-27	ZD
Oddo BHF Downgrades Prosus to Neutral, Raises PT	06-26	MT
PROSUS : Jefferies remains Neutral	06-26	ZD
PROSUS : Gets a Buy rating from JP Morgan	06-26	ZD
PROSUS : UBS reiterates its Buy rating	06-26	ZD
Prosus Sets Financial Targets Through FY28	06-26	MT
Prosus N.V. - Analyst/Investor Day	06-26
Naspers May Sell Part of Its 4% Stake in Meituan	06-25	CI
Prosus eyes five-fold growth of its $6.5 billion India portfolio	06-25	RE
Tencent Shareholder Prosus Expects Profitability to Be Boosted by AI	06-25	DJ
PROSUS : Deutsche Bank maintains a Buy rating	06-24	ZD
PROSUS : JP Morgan reaffirms its Buy rating	06-24	ZD
Tech Advances as Momentum Returns - Tech Roundup	06-23	DJ
Naspers Limited, Prosus N.V., 2025 Earnings Call, Jun 23, 2025	06-23
Deals of the day - Mergers and acquisitions	06-23	RE
Prosus 'very confident' of early EU approval for $4.7-billion Just Eat deal	06-23	RE
PROSUS : Prosus FY25: Finally more than just a Tencent proxy	06-23
Global markets live: Tesla, Eli Lilly, BNY Mellon, Novo Nordisk, Stellantis…	06-23
Deals of the day-Mergers and acquisitions	06-23	RE
Prosus Flags Just Eat Takeover to EU for Review	06-23	DJ
Prosus bets on tech investment, beats target with core earnings up 47%	06-23	RE

Presently, Ervin Tu is Managing Partner at SoftBank Capital Partners LLC. He is also Group Head-Investments, Strategy, M&A at Naspers Ltd. He previously occupied the position of Managing Partner at SB Investment Advisers (UK) Ltd. He received an undergraduate degree from Dartmouth College and an MBA from MIT Sloan School of Management.

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Duration

Period

PRX: Dynamic Chart

Company Profile

Prosus N.V. is a global consumer internet group and one of the largest technology investors in the world. Net sales (including intragroup) by activity break down as follows: - operation of e-commerce platforms (40.4%; eMAG); - management of online food ordering and delivery platforms (22.4%; Delivery Hero, Swiggy and iFood); - management of mobile and electronic payment platforms (20.2%; PayU); - management of classified ad platforms (12.9%); - management of online education platforms (2.7%; Stack Overflow, Skillsoft and GoodHabitz); - other (1.4%). Net sales are distributed geographically as follows: Europe (49.1%), Latin America (39.1%), Asia (9.2%), North America (1.5%) and other (1.1%).

Employees

23,323

Sector

Internet Services

Calendar

08-20 - Annual General Meeting

More about the company