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),…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2021-04-08T13:06:40+00:00 April 8th, 2021|Technology|Comments Off on Tencent fundamentals still solid despite record US$15bn share sale by investor, analysts say