Tencent-shareholder Prosus rises, reflecting gains at the tech giant

Meesho

12/12/2025 11:16

** Shares in Prosus PRX.AS rise more than 2% following gains at Chinese tech giant Tencent 0700.HK, in which the Dutch investment firm is the biggest shareholder with a 23% stake

** SBG Securities analyst Nadim Mohamed and UBS analyst Joseph Barnet-Lamb say the Prosus move is mainly due to Tencent rising 2.4% in Hong Kong

** Mohamed also notes a secondary boost from the successful listing of Indian e-commerce firm Meesho MEES.NS earlier this week

** Prosus' stake in Meesho is now worth around $1 billion, providing a smaller, positive contribution to its overall valuation, he says

** Including Friday's rise, the Prosus stock has gained more than 41% YTD

(Reporting by Jérôme Terroy)

((jerome.terroy@thomsonreuters.com))