Prosus: R350bn spent, for no profit
Naspers has invested a colossal R350bn in its e-commerce businesses this past decade. But profit remains elusive
25 November 2021 - 05:00
Prosus’s claim that it improves the lives of millions of people may help to explain why the non-Tencent parts of this complicated business continue to make losses.
These millions of people are probably getting access to services at below cost...