Prosus N.V. (1YL)

Overview

Prosus N.V. is a dynamic, international group focusing on e-commerce and internet services, with a significant footprint across various regions including Asia, Europe, Latin America, and North America. This company operates in a broad range of internet platforms encompassing classifieds, payment and financial technologies, food delivery, educational tech, online retail (etail), and investments in ventures and other significant platforms like Tencent. Originating as Myriad International Holdings N.V., it underwent a rebranding to Prosus N.V. in August 2019, signifying a strategic evolution in its identity and aspirations. Established in 1994, Prosus boasts a strategic headquarters in Amsterdam, the Netherlands, serving as a hub for its global operations and innovations.

Products and Services

• Classifieds: Prosus runs online marketplaces that facilitate buying, selling, and renting of goods and services locally, allowing users to find or list property, vehicles, jobs, and more, simplifying transactions and fostering community engagements.
• Payments and Fintech: Through its innovative platforms, the company offers a suite of financial services and products that aim to simplify the process of making and receiving payments. This includes mobile payments, processing, and financial technologies designed to cater to both consumers and businesses, helping bridge the gap in access to financial services.
• Food Delivery: Prosus is heavily involved in the food delivery market, connecting users with a wide range of restaurants and food outlets. This segment focuses on providing convenient, timely, and a diverse choice of food delivery options to customers across its operating regions.
• Education Technology: The company is at the forefront of transforming the education sector through technology, offering platforms that facilitate online learning and educational resources for a wide demographic, from children to professionals, aiming to enhance the learning experience and accessibility.
• Etail: Prosus’s online retail ventures include a vast array of e-commerce websites and applications that offer consumers a convenient shopping experience, spanning various products and services, thereby reshaping the retail landscape.
• Ventures: Engaging in strategic investments, Prosus aims to foster innovation and growth in the internet and technology sectors by supporting emerging companies and startups that align with its vision for the future of technology and e-commerce.
• Tencent: As a major shareholder in Tencent, Prosus benefits from the growth and success of one of the world’s leading providers of internet value-added services, leveraging this partnership to expand its reach and influence in key markets and sectors.