16 days ago • Posted by William Ramstein
Will Europe's tech giant perform ever again?
Europe Stoxx 600 index has been having a killer last few periods but the same cannot be said about Prosus, Europe's largest consumer internet company and global tech investor. Prosus invests heavily in China with Tencent amongst its stock but the spread between QQQ and PRX is widening widely. Prosus however, doubled down on its investment in India on Tuesday with a $4.7 billion deal for payments platform BillDesk, making it one of the biggest players in the country's fast-growing fintech sector. The payment space has been quite attractive lately, with the pandemic accelerating transaction volumes. BillDesk processed $92B of payments by March 31st, 2021. Source: TME, Reuters