Monday, June 21, 2021

Prosus reports earnings boost from Tencent stake

Prosus NV , the international investment arm of South Africa's Naspers, reported a better than expected net profit of $7.45 billion for 2021 on Monday, driven by strong returns from its big stake in Chinese software giant Tencent. https://ift.tt/35EJeP9

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Docs: Israeli AI chip startup Hailo is pursuing an urgent IPO via a SPAC merger at a valuation of less than $500M; it was last valued at $1.2B in 2024 (Meir Orbach/CTech)

Meir Orbach / CTech : Docs: Israeli AI chip startup Hailo is pursuing an urgent IPO via a SPAC merger at a valuation of less than $500M; ...