shareholder Archives

Tencent Distributes Meituan Shareholding Worth of $20B

On November 16, Tencent released its financial report for the third quarter of 2022, and announced its decision to distribute most of its shares in Meituan, which will be completed in March next year. Tencent President Martin Lau has resigned as a non-executive director of Meituan.

Warren Buffett Reduces Shareholding Ratio in BYD to 16.62%

On November 11, documents on the Hong Kong Stock Exchange (HKEx) showed that Berkshire Hathaway, founded by Warren Buffett, reduced its holdings of more than 5.78 million BYD shares at HK $196.99 on November 8, and its shareholding ratio dropped to 16.62%.

Prosus Denies Report of Talks to Sell Controlling Stake in Tencent to CITIC

News emerged on October 31 that a consortium headed by CITIC Group, one of China's largest conglomerates, was in discussion with Naspers, a major shareholder of Tencent, to acquire its shares in full. Naspers' subsidiary Prosus later responded, calling the report "speculative and untrue."

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

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.

Faraday Future Employees Decry Bankruptcy Efforts by “Malicious Board Members”

Employee whistleblowers at California-based electric vehicle maker Faraday Future have claimed that four "unqualified" directors are plotting to force the company into bankruptcy, according to a petition Pandaily received from a firm shareholder.

JuneYao Group to Enter Automotive Field by Taking Control of Yudo Automobile

In April this year, news emerged that JuneYao Group, a top 500 company in China, has become the actual controlling shareholder of Yudo Automobile. The report was confirmed on September 2.

BYD Denies Warren Buffett’s Share Reduction

225 million shares of Warren Buffett-backed Chinese EV firm BYD were transferred to Citibank on July 11. Market insiders speculated from the transfer scale that these shares come from Buffett's Berkshire Hathaway, an American multinational conglomerate.

Shunwei Capital to Reduce Stakes in Roborock, Not Exceeding 6%

Roborock, an intelligent home-cleaning robot company, disclosed a shareholding reduction announcement on Thursday night.

Alibaba Increases Stake in Health Venture to 57.06%

Alibaba Health Information Technology Limited announced on the Hong Kong Stock Exchange website on May 20 that that its parent entity, Alibaba, has increased its shareholding in the company from 7,664,602,068 shares to 7,713,318,533 shares.

JD.com Founder Reduces Shareholdings of JD Health

According to information disclosed by the Hong Kong Stock Exchange, Richard Liu, founder of e-commerce giant JD.com, has recently sold 8.84 million shares in firm subsidiary JD Health, cashing out about HK $440 million.

Alibaba Invests in EQuota Energy

EQuota Energy on Tuesday issued a change to its official registration with the Industrial and Commercial Administration, adding Alibaba as new shareholder.

Zhihu: Withdrawal of Shareholders a Normal Change in Corporate Governance

Beijing Zhizhe Tianxia Technology Co., Ltd., an affiliated company of Zhihu has undergone changes to its registration with the country's Industrial and Commercial Administration recently.

Michael Yu Increases Shareholding in Koolearn

Michael Yu acquired another 1.429 million shares of Koolearn, an online education company under New Oriental Education, at an average price of HK $6.95 per share.

Share Holdings of Founding and Managing Partner of Sequoia Capital China in Meituan Fall to 5.29%

According to the latest equity information from HKEx, on October 25, Neil Shen, the founding and managing partner of Sequoia Capital China, reduced his holdings in Meituan by 2,674,600 shares.

Baoneng’s Interest-Bearing Liabilities Near 200 Billion Yuan, Eyes to Sell 100 Billion Yuan of Assets to Ease Financial Pressure

Jonjee Hi-Tech owned by Baoneng Investment Group issued a reply to announcement on receiving a Supervision Letter from the Shanghai Stock Exchange, disclosing the amount of debt and the assets of its holders.

Faraday Future To Go Public as Zhuhai State-Owned Assets Pulls Out

According to a document submitted by Faraday Future to the US Securities Regulatory Commission on July 15th, the cornerstone investors who initially planned to invest 175 million US dollars will not take a stake in the company.

Tencent Buys Over 11 Million Shares in Meituan, Raising Nearly $400 Million and Acquiring a 17.2% Stake in the Firm

On the evening of July 13, Chinese delivery and e-commerce giant Meituan announced that all preconditions for the items contained in Tencent's subscription agreement had been reached. The estimated net proceeds from the deal are expected to be about $400 million.