NEWS ANALYSIS: Naspers/Prosus still bullish on education business despite setbacks
AI and economic slowdown mean edtech has not yielded the rewards the group expected
Naspers and its international unit, Prosus, are still bullish about the decision to focus on education, despite its portfolio of businesses in this area having turned in a lacklustre performance over the past year, disrupted by new technologies like generative artificial intelligence (AI).
Prosus, which has large investments in companies such as China’s Tencent, Brazil’s iFood and India’s Swiggy, entered the education technology (edtech) market in 2016. Its main edtech units include Stack Overflow, Brainly, Byju’s, Codecademy, Eruditus, SoloLearn and Udemy...
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