Steven Romick Swaps Prosus For Naspers, Trims Top Holding Glencore

Summary The guru entered a new position in Naspers. He sold out of Prosus and Flutter Entertainment. Romick trimmed his Glencore and BroadcomAVGO investments. Steven Romick (Trades, Portfolio) disclos...

Prosus Delivers Strong Ecommerce Revenue Growth and Operating Performance

AMSTERDAM–(BUSINESS WIRE)–Prosus N.V. (AEX: PRX) has announced a solid set of results for the first half of the year. Despite a turbulent period during which industry growth expectations and valuation...

Hang Seng & Shanghai Composite Approach Key Levels For Policy Support

China Last Night KraneShares Key News Asian equities were largely off on light volume though a few countries managed small gains. Australia avoided the Fed and Putin’s escalation induced risk-of...

Chinese Tech Titans Are Losing Their Global Backers

Ma ”Pony” Huateng, cofounder of Tencent Holdings Ltd. (Photo by Jerome Favre/Bloomberg) © 2015 Bloomberg Finance LP China’s biggest technology companies, which had generated rich returns f...

Prosus Selling Weighs On Tencent Despite Buybacks

China Last Night KraneShares Key News Asian equities cheered the US dollar’s fall as it approached big psychological numbers such as China’s CNY at 7 and the Japanese Yen nearing 150. Pure speculation...

Tencent-Backer Prosus Invests In Kuok Meng Ru’s BandLab As Music Platform Accelerates Expansion

Kuok Meng Ru, cofounder of Bandlab, poses for a photo at a Swee Lee Holdings music store in … [+] Singapore, on July 15, 2016. Kuok, son of billionaire and Wilmar International cofounder and CEO...