Prosus has started selling down its stake in Meituan, valued at over $4 billion, after the Chinese food-delivery firm announced plans to expand into some of its territories, sources say https://t.co/I8iiVMfQBd
Prosus Begins Selling $4 Billion Stake in China’s Meituan 🇨🇳
PROSUS $PROSY STARTS SELLING DOWN $4 BILLION STAKE IN CHINA’S MEITUAN
Prosus, the Amsterdam-headquartered subsidiary of Naspers and a global technology investor listed on the Johannesburg Stock Exchange, reported strong financial results and ambitious growth plans in June 2025. The company announced a doubling of its shareholder dividend, driven by better-than-expected performance in its ecommerce businesses, particularly iFood in Brazil, where profits nearly tripled. Prosus achieved $7.4 billion in annual earnings, surpassing financial targets, despite challenges from South African businesses Takealot.com and Media24 impacting overall results. Under CEO Fabricio Bloisi, appointed a year earlier, Prosus recorded its maiden annual profit and has embarked on a new strategic direction. The company manages $6.5 billion in Indian tech assets across 30 companies, including Meesho, Swiggy, Urban Company, and Rapido, and has invested $8.6 billion in India to date. Prosus aims to nearly double earnings from its ecommerce businesses within the next year and plans to increase its earnings before interest, tax, depreciation, and amortisation (EBITDA) by 3.5 times over three years. The group also targets a five-fold growth of its India portfolio and intends to double its overall revenue over the next three years by focusing on expanding large ecommerce platforms.