After years of losses, Prosus’s e-commerce empire is finally making money

For years, investors looked to Tencent, a Chinese technology giant, for almost all of Prosus’s value while its e-commerce businesses burned cash. Now, the technology investor with deep South African roots says that era may be ending.

In results released on Monday, Prosus reported that all of its operating ecosystems are profitable for the first time, lifting ecosystem adjusted earnings…