Prosus

Prosus is the international arm of a South African company that Naspers is one of the world's leading technology investors. Prosus is the largest shareholder Tencent with a 29% stake, and the company also has stakes in OLX,,, Udemy Brainly BYJUʼs, Codecademy,, PayU Remitly.

History

2024: China's share of the company's revenue - 74%

As of October 2024

2022

Exit from VK shareholders

On November 10, 2022, it became known that the investment company Prosus had left the shareholders of VK. The share of 25.7% was written off free of charge in favor of the Russian holding.

As the press service of VK clarified, the company's received shares were sold to management. The transaction amount amounted to 24.8 billion rubles.

Prosus resigns from VK shareholders

The management company, Singulariti Lab, will ensure the operation of a new long-term incentive program for VK management, which is aimed at the active development of the company's strategic areas, VK said. The CEO of Singulariti Lab is Alexander Aivazov, VK Senior Vice President for Investment and Business Development.

According to the database "Kontur. Focus," JSC "Singulariti Lab" was created in 2021 by Denis Zhuravlev, who was its general director. In October 2022, Alexander Aivazov became the general director of this structure. VK did not comment on what the composition of the shareholders of Singulariti Lab JSC is and where the company has money from.

Prosus is a subsidiary of a South African holding company. Naspers The investment company announced plans to write off its stake in VK on March 7, 2022. Bloomberg The agency estimated the cost of the company's share at $769 million.

The company also asked its representatives on VK's board of directors to leave their posts.

We expect to write off the full book value of the stake in VK in the amount of about $700 million in the current reporting period, Prosus said.

The Dutch company explained its decision by the fact that VK CEO Vladimir Kiriyenko was sanctioned. The head of VK, who is the son of the deputy head of the presidential administration Sergei Kiriyenko, was included in the sanctions list of the US Treasury in February. In March 2022, the EU and the UK imposed sanctions against him.

Avito owner puts service up for sale

On May 20, 2022, the Dutch technology investor Prosus, which owns Avito, officially announced the start of the search for a buyer for the Russian ad service. This step Prosus is associated with the decision of the company to leave the Russian Federation. Read more here.

Investing in Wayflyer E-Commerce Analytics Platform

In mid-February 2022, Wayflyer raised $150 million in funding as part of the Series B investment round. The round was headed by Yuri Milner's fund DST Global and QED Investors, Prosus, Madrone Capital Partners and JP Morgan and existing investors Left Lane Capital and Guillaume Puza also invested in the company. Read more here.

2021: Purchase of Q&A service for Stack Overflow programmers

In early June 2021, the Dutch investment company Prosus announced the purchase of a large Q&A service for Stack Overflow programmers. The deal is estimated at $1.8 billion. Read more here.