Monday, June 27, 2022

Naspers subsidiary Prosus sold 131.8M shares in JD.com, a ~4% stake worth $4B+, saying the e-commerce company "does not form part of [its] core strategic focus" (Bloomberg)

Bloomberg:
Naspers subsidiary Prosus sold 131.8M shares in JD.com, a ~4% stake worth $4B+, saying the e-commerce company “does not form part of [its] core strategic focus”  —  An arm of South African internet giant Naspers Ltd. sold almost $4 billion worth of stock in JD.com Inc. that it got …



No comments:

Post a Comment

Datadog closed up 31%+ after reporting Q1 revenue up 32% YoY to $1B and raising its FY revenue forecast, an outlier in the software industry amid the AI boom (Mike Wheatley/SiliconANGLE)

Mike Wheatley / SiliconANGLE : Datadog closed up 31%+ after reporting Q1 revenue up 32% YoY to $1B and raising its FY revenue forecast, a...