Tencent fundamentals still solid despite record US$15bn share sale by investor, analysts say

Tencent fundamentals still solid despite record US$15bn share sale by investor, analysts say

Tencent fundamentals still solid despite record US$15bn share sale by investor, analysts say


The announcement of a US$15 billion stock sale by Tencent Holdings’ largest shareholder, three years after the last big divestment by a major shareholder, has heightened investor scrutiny of the outlook for China’s biggest social media and video games company at a time when Beijing is tightening regulations for the country’s tech titans. Holland-based Prosus, Tencent’s largest shareholder and majority controlled by Naspers Ltd, sold 191.89 million shares for HK$114.1 billion (US$14.67 billion),…

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