Prosus chief investment officer Ervin Tu to step down

Prosus' vision and strategy has changed significantly over the past 10 months under CEO Fabricio Bloisi, transforming the company from an investment holding group into an operating technology company, focused on lifestyle ecommerce, within its key markets of Latin America, India and Europe. As a result, Tu feels that now is the right time to move on, said the company, controlled by South Africa's Naspers .