### Comment:
&gt; Prosus owns 31% of tencent. That 31% is worth 134B. Compared to Prosus' value of 101B. 
  
 There's no way the market is this wrong. Either you're wrong or there's some mitigating factor that makes this make sense - for example, capital controls,

### REPLY:
It’s normal for holding companies to have discounts on the NAV of whatever they are holding

### END.