Tencent Responds to Reports of $14.5B Stock Divestment Plan
After Tencent clarified rumors that it will sell all or most of its shares in Meituan, there are now market reports that the Shenzhen-based tech giant plans to reduce its stock investments in listed companies by 100 billion yuan ($14.49 billion) this year.
According to a report by the Financial Times on September 1, Tencent‘s execut…
Keep reading with a 7-day free trial
Subscribe to Pandaily to keep reading this post and get 7 days of free access to the full post archives.