Elaborating on the parent's info - the PE firm is Prosus, which is owned by Naspers. Naspers is a South African conglomerate / investment firm that has been da

Elaborating on the parent's info - the PE firm is Prosus, which is owned by Naspers. Naspers is a South African conglomerate / investment firm that has been dabbling in tech investments for decades and started out initially in publishing a century ago. They bought 46.5% of Tencent in 2001 for something like $34 million. They've gradually sold some of the Tencent and still hold around 1/3 of it. And now they're up to this: "[May 2021] Prosus, the European-based technology listed subsidiary of South African giant Naspers, has bought 49.5% of its parent, in a move widely considered a means of moving the hugely valuable one-third stake of mobile giant Tencent from Africa into Europe. ... The Amsterdam-based Prosus would remain under Naspers control, through its controlling stake in Prosus, but both firms believe it will increase both of their valuations. Prosus is Europe’s largest internet company and believes this transaction will also double its free float to $100 billion, which it argues will increase its liquidity, market index weightings and trading dynamics." https://www.forbes.com/sites/tobyshapshak/2021/05/13/prosus-buys-45-of-parent-naspers-moving-tencent-shareholding-to-europe/ https://www.forbes.com/sites/tobyshapshak/2021/05/13/prosus-...