Prosus Begins Selling Down $4 Billion Stake in Meituan Amid Expansion Plans

Prosus has started selling its $4.2 billion stake in Meituan, a Chinese food-delivery app, after Meituan announced plans to expand in Prosus' territories such as Brazil. Prosus has sold about $250 million in Meituan shares and may sell more to reinvest in its other e-commerce brands. Meituan plans to spend $1 billion to bring its Keeta app to Brazil, where Prosus' iFood is dominant. Prosus is streamlining its portfolio to focus on fewer assets and exert greater control over them.

Title: Prosus Sells Down $250 Million Stake in Meituan, Reinvesting in Other E-commerce Brands

Prosus NV has initiated the sale of its stake in Meituan, a Chinese food-delivery app, after the company announced plans to expand into Prosus' territories such as Brazil. According to people familiar with the matter, Prosus has sold about $250 million worth of Meituan shares in the last two weeks and may sell more in the future [1]. The proceeds from the sale will be reinvested in Prosus' other e-commerce brands.

Meituan, known for its aggressive marketing and price cuts, has pledged to spend $1 billion to bring its Keeta food delivery app to Brazil, where Prosus' iFood is dominant [1]. The move is part of Prosus' strategy to streamline its portfolio and focus on fewer assets, exerting greater control over them. Prosus Chief Executive Officer Fabricio Bloisi is leading this strategic shift, which aims to double the group's market value by mid-2028 [1].

Prosus' sale of its Meituan stake is part of a broader trend of divestment and consolidation within the company's portfolio. In 2024, Prosus reported a profit for the first time under Bloisi's new strategy, with shares up more than 50% since he took over a year ago [1]. The company has also sold its stake in China's Trip.com for about $1.5 billion and a 4% stake in JD.com [1].

Prosus' recent investments include a $6.4 million seed round in Brainfish, a Series A round in Ursula, and a venture debt round in Klar [2]. The company's portfolio spans across various sectors, with notable investments in Swiggy, MakeMyTrip, and Urban, among others [2]. Prosus' focus on Series B investments, particularly in India-based startups, has contributed to its success in building a diverse and robust portfolio.

References

[1] https://www.bloomberg.com/news/articles/2025-07-30/prosus-starts-selling-down-4-billion-stake-in-china-s-meituan
[2] https://tracxn.com/d/venture-capital/prosus/__IK5cI8VFxw-gWw-XBkvkRE1-EjV3-XOBlI2WSrauk-k