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AMSTERDAM (Reuters) -Prosus NV reported on Monday that trading profit rose 8% to $2.9 billion for the first half of its fiscal year 2022 as its portfolio of investments in educational technology and food delivery companies grew revenues rapidly.
AMSTERDAM (Reuters) - The meal delivery market is expected to turn to a phase of consolidation in the coming months as players look to adjust operations after the explosive boom in demand served up to them during the COVID-19 pandemic.
Amazon's Jeff Bezos made his first investment into Southeast Asia’s e-commerce space, investing RM362.96mil into Indonesian startup Ula.
Tencent Holdings Ltd and Netease Inc shed more than US$60bil (RM248.94bil) of value as investor fears grow that Chinese regulators are preparing to tighten their grip dramatically on the world’s largest gaming industry.
LONDON: European shares climbed on Monday to end near record levels, led by technology stocks which surged to their highest this year as a surprise rise in German factory orders pointed to improving global demand and boosted sentiment.
NEW DELHI: Prosus NV has agreed to acquire Indian online payments service BillDesk for 345 billion rupees (US$4.7bil or RM19.5bil), making its largest global acquisition to date in the Asian nation.
China will forbid minors from gaming more than three hours most weeks of the year, imposing their strictest controls yet over entertainment for youths in a blow to the world’s largest mobile gaming arena.
Tencent Holdings Ltd led a stocks rout after Chinese state media decried the “spiritual opium” of games, prompting the company to broach a ban for kids and triggering fears Beijing will set its sights next on the world’s largest gaming arena.
BENGALURU: Food delivery startup Swiggy announced it closed a US$1.25bil (RM5.3bil) funding round led by SoftBank Vision Fund 2 and Prosus, just days ahead of rival Zomato Ltd’s listing.