Tencent Share Price Falls Below HK$250, A New Low

(Source: Tencent)

On October 12, Tencent’s share price fell below HK$250, hitting a new low since November 2018. It fell more than 60% from its historical high at the beginning of 2021 and now only has a market value of only HK$2.43 trillion. Chinese media outlet WAVE believes that the reasons behind the decline in Tencent’s share price include liquidity…