Prosus N : Erwin 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.'