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Tencent Responds to Reports of $14.5B Stock Divestment Plan
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Tencent Responds to Reports of $14.5B Stock Divestment Plan

Sep 02, 2022
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Tencent Responds to Reports of $14.5B Stock Divestment Plan
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Tencent Responds to Reports of $14.5B Stock Divestment Plan
(Source: Market Watch)

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…

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