23
June
2021
|
09:30
Europe/Amsterdam

Ervin Tu appointed as Group Chief of Investments, Strategy, and M&A

Prosus appoints Ervin Tu as Group Chief of Investments, Strategy, and M&A

AMSTERDAM – 23 June 2021 – Prosus N.V. ("Prosus"), the global consumer internet group and one of the largest technology investors in the world, announced today the appointment of Ervin Tu as Group Chief of Investments, Strategy, and M&A for Prosus and Naspers. 

In this newly created position, Tu will be responsible for leading investments, strategy, and M&A across the Prosus and Naspers group, reporting to Bob van Dijk, CEO. Tu will join in August 2021 and will be based in San Francisco.

Tu joins from SoftBank, where he was most recently a Managing Partner for the SoftBank Vision Fund. At the Vision Fund, he helped lead investments in Uber and Bytedance, among others, across technology sectors including transportation, logistics, delivery, next-gen media, and sustainability. Previously, Tu co-led M&A and corporate finance for SoftBank Group International, and he was also a Managing Director in the technology banking group at Goldman Sachs, where he focused on M&A. 

Bob van Dijk, CEO of Prosus and Naspers, said: "I am delighted that Ervin is joining the group in the new role of Chief of Investments, Strategy and M&A. His blend of deal experience, investment track record, and sector knowledge will be extremely valuable to us and I look forward to his contributions as we accelerate growth across our consumer internet portfolio."

Commenting on the role, Tu said: "I am excited to join the superb Prosus and Naspers team. The group's track record of investing and operating businesses is exceptional, and today, there are great opportunities to find outstanding businesses across the technology landscape. I look forward to working with Bob and the team to drive our investment agenda and further enhance the portfolio."

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About Prosus

Prosus is a global consumer internet group and one of the largest technology investors in the world. Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich communities. 

The group is focused on building meaningful businesses in the online classifieds, food delivery, payments and fintech, and education technology sectors in markets including India, Russia, and Brazil. Through its ventures team, Prosus invests in areas including health, logistics, blockchain, and social commerce. Prosus actively seeks new opportunities to partner with exceptional entrepreneurs who are using technology to improve people’s everyday lives.

Every day, millions of people use the products and services of companies that Prosus has invested in, acquired or built, including 99minutos, Avito, Brainly, BUX, BYJU'S, Bykea, Codecademy, DappRadar, DeHaat, dott, ElasticRun, eMAG, Eruditus, Flink, GoodHabitz, Honor, iFood, Klar, LazyPay, letgo, Meesho, Movile, Oda, OLX, PayU, Quick Ride, Red Dot Payment, Remitly, Republic, Shipper, SimilarWeb, Skillsoft, SoloLearn, Swiggy, Udemy, Urban Company and Wolt.

Hundreds of millions of people have made the platforms of Prosus’s associates a part of their daily lives. For listed companies where we have an interest, please see: Tencent, Mail.ru, Trip.com Group Limited, and DeliveryHero.

Today, Prosus companies and associates help improve the lives of more than 2 billion users globally. 

Prosus has a primary listing on Euronext Amsterdam (AEX:PRX) and secondary listings on the Johannesburg Stock Exchange (XJSE:PRX) and a2X Markets (PRX.AJ). Prosus is majority-owned by Naspers.

For more information, please visit www.prosus.com.

About Prosus

Prosus is a global consumer internet group and one of the largest technology investors in the world. Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich communities.

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