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Tencent Denies Reported Plan to Cut Stakes in Meituan, Beike and Didi
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Tencent Denies Reported Plan to Cut Stakes in Meituan, Beike and Didi

Sep 21, 2022
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Tencent Denies Reported Plan to Cut Stakes in Meituan, Beike and Didi
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Tencent Denies Reported Plan to Cut Stakes in Meituan, Beike and Didi
(Source: Tencent)

Reports have emerged recently claiming that Tencent Holdings is considering a reduction of its shares in Meituan, Beike, Didi and other companies, in order to provide funds for its stock repurchase and new business ventures. On September 20, a spokesperson for Tencent responded that it did not have any such plan, timetable or target amo…

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