Tencent ADR tumbled 9% in morning trading

Tiger Newspress2021-04-07

Tencent ADR tumbled 9% in morning trading on Tencent top holder Prosus to sell up to $14.6 billion stake.

Prosus NV plans to raise as much as $14.6 billion from the sale of shares in Chinese internet giant Tencent Holdings Ltd., further growing its war chest for new e-commerce deals.

The Amsterdam-listed firm will sell a 2% stake in Tencent, reducing its holding to just under 29% while remaining the biggest shareholder, according to a statement on Wednesday. The price range was set at HK$575.00 to HK$595.00, a discount to the last trading price of HK$629.50.

The deal will more than quadruple Prosus’s cash reserves from $4.6 billion as of the end of September.

Prosus is cashing on one of the all-time great venture-capital deals.Naspers Ltd., the company’s Cape-Town-based parent, invested just $32 million in Tencent in 2001, when it was an obscure internet firm. The shares are now worth about $239 billion.

While the decision has made Naspers the most valuable company in Africa, its market capitalization of about $109 billion lags well behind the value of the Tencent holding. The creation of Prosus was partly designed to narrow that discount, but the Amsterdam-based company too is dwarfed by the size of the stake in the WeChat creator.

Prosus has committed not to sell any further Tencent shares for at least the next three years, the company said. Naspers sold a similar size stake in 2018, a year before spinning off the shareholding and most of its other businesses into what is now Prosus.

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Comments

LimLS
2021-04-08
LimLS
Realising profit to invest in other areas. Nothing wrong with that. A chance to buy dip for those interested in tencent
r39
2021-04-08
r39
No more selling for next 3 years
Cheekwong
2021-04-08
Cheekwong
Good news
Alice156
2021-04-08
Alice156
Good
nananan
2021-04-07
nananan
Time to buy the dip...or not?
滚筒
2021-04-07
滚筒
After offloading that much, it still has 29%....

Leave a comment

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Naspers sold a similar size stake in 2018, a year before spinning off the shareholding and most of its other businesses into what is now Prosus.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tencent ADR tumbled 9% in morning trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTencent ADR tumbled 9% in morning trading\n</h2>\n\n<h4 class=\"meta\">\n\n2021-04-07 21:56 北京时间&nbsp;&nbsp;&nbsp;<strong>Tiger Newspress</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tencent ADR tumbled 9% in morning trading on Tencent top holder Prosus to sell up to $14.6 billion stake.Prosus NV plans to raise as much as $14.6 billion from the sale of shares in Chinese internet ...</p>\n\n<a href=\"None\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TCEHY","symbol_name":"腾讯控股ADR","start_time":0,"source_url":null,"article_id":"1115195821","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1115195821","pubTimestamp":1617803804,"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"Tencent ADR tumbled 9% in morning trading on Tencent top holder Prosus to sell up to $14.6 billion s","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"TCEHY":"腾讯控股ADR"},"translate_title":"腾讯控股ADR早盘大跌9%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TCEHY":0.9},"content_text":"Tencent ADR tumbled 9% in morning trading on Tencent top holder Prosus to sell up to $14.6 billion stake.Prosus NV plans to raise as much as $14.6 billion from the sale of shares in Chinese internet giant Tencent Holdings Ltd., further growing its war chest for new e-commerce deals.The Amsterdam-listed firm will sell a 2% stake in Tencent, reducing its holding to just under 29% while remaining the biggest shareholder, according to a statement on Wednesday. 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A chance to buy dip for those interested in tencent","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/341401938","repostId":1115195821,"repostType":4,"repost":{"id":"1115195821","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1617803804,"share":"https://www.laohu8.com/m/news/1115195821?lang=&edition=full","pubTime":"2021-04-07 21:56","market":"us","language":"en","title":"Tencent ADR tumbled 9% in morning trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1115195821","media":"Tiger Newspress","summary":"Tencent ADR tumbled 9% in morning trading on Tencent top holder Prosus to sell up to $14.6 billion s","content":"<p>Tencent&nbsp;ADR&nbsp;tumbled&nbsp;9%&nbsp;in&nbsp;morning&nbsp;trading&nbsp;on&nbsp;Tencent top holder Prosus to sell up to $14.6 billion stake.</p><p><img src=\"https://static.tigerbbs.com/13e5785836356611f7a2d82148113186\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Prosus NV&nbsp;plans to raise as much as $14.6 billion from the sale of shares in Chinese internet giant&nbsp;Tencent Holdings Ltd., further growing its war chest for new e-commerce deals.</p><p>The Amsterdam-listed firm will sell a 2% stake in Tencent, reducing its holding to just under 29% while remaining the biggest shareholder, according to a&nbsp;statement&nbsp;on Wednesday. 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Naspers sold a similar size stake in 2018, a year before spinning off the shareholding and most of its other businesses into what is now Prosus.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tencent ADR tumbled 9% in morning trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTencent ADR tumbled 9% in morning trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-04-07 21:56</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Tencent&nbsp;ADR&nbsp;tumbled&nbsp;9%&nbsp;in&nbsp;morning&nbsp;trading&nbsp;on&nbsp;Tencent top holder Prosus to sell up to $14.6 billion stake.</p><p><img src=\"https://static.tigerbbs.com/13e5785836356611f7a2d82148113186\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Prosus NV&nbsp;plans to raise as much as $14.6 billion from the sale of shares in Chinese internet giant&nbsp;Tencent Holdings Ltd., further growing its war chest for new e-commerce deals.</p><p>The Amsterdam-listed firm will sell a 2% stake in Tencent, reducing its holding to just under 29% while remaining the biggest shareholder, according to a&nbsp;statement&nbsp;on Wednesday. The price range was set at HK$575.00 to HK$595.00, a discount to the last trading price of HK$629.50.</p><p>The deal will more than quadruple Prosus’s cash reserves from $4.6 billion as of the end of September.</p><p>Prosus is cashing on one of the all-time great venture-capital deals.Naspers Ltd., the company’s Cape-Town-based parent, invested just $32 million in Tencent in 2001, when it was an obscure internet firm. The shares are now worth about $239 billion.</p><p>While the decision has made Naspers the most valuable company in Africa, its market capitalization of about $109 billion lags well behind the value of the Tencent holding. The creation of Prosus was partly designed to narrow that discount, but the Amsterdam-based company too is dwarfed by the size of the stake in the WeChat creator.</p><p>Prosus has committed not to sell any further Tencent shares for at least the next three years, the company said. Naspers sold a similar size stake in 2018, a year before spinning off the shareholding and most of its other businesses into what is now Prosus.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TCEHY":"腾讯控股ADR"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115195821","content_text":"Tencent ADR tumbled 9% in morning trading on Tencent top holder Prosus to sell up to $14.6 billion stake.Prosus NV plans to raise as much as $14.6 billion from the sale of shares in Chinese internet giant Tencent Holdings Ltd., further growing its war chest for new e-commerce deals.The Amsterdam-listed firm will sell a 2% stake in Tencent, reducing its holding to just under 29% while remaining the biggest shareholder, according to a statement on Wednesday. The price range was set at HK$575.00 to HK$595.00, a discount to the last trading price of HK$629.50.The deal will more than quadruple Prosus’s cash reserves from $4.6 billion as of the end of September.Prosus is cashing on one of the all-time great venture-capital deals.Naspers Ltd., the company’s Cape-Town-based parent, invested just $32 million in Tencent in 2001, when it was an obscure internet firm. The shares are now worth about $239 billion.While the decision has made Naspers the most valuable company in Africa, its market capitalization of about $109 billion lags well behind the value of the Tencent holding. The creation of Prosus was partly designed to narrow that discount, but the Amsterdam-based company too is dwarfed by the size of the stake in the WeChat creator.Prosus has committed not to sell any further Tencent shares for at least the next three years, the company said. Naspers sold a similar size stake in 2018, a year before spinning off the shareholding and most of its other businesses into what is now Prosus.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":341258797,"gmtCreate":1617835903319,"gmtModify":1704703645051,"author":{"id":"3574073427167727","authorId":"3574073427167727","name":"r39","avatar":"https://static.tigerbbs.com/dc513ccd203a6a79ff71de9292d1cff1","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":5,"crmLevelSwitch":0},"htmlText":"No more selling for next 3 years","listText":"No more selling for next 3 years","text":"No more selling for next 3 years","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/341258797","repostId":1115195821,"repostType":4,"repost":{"id":"1115195821","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1617803804,"share":"https://www.laohu8.com/m/news/1115195821?lang=&edition=full","pubTime":"2021-04-07 21:56","market":"us","language":"en","title":"Tencent ADR tumbled 9% in morning trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1115195821","media":"Tiger Newspress","summary":"Tencent ADR tumbled 9% in morning trading on Tencent top holder Prosus to sell up to $14.6 billion s","content":"<p>Tencent&nbsp;ADR&nbsp;tumbled&nbsp;9%&nbsp;in&nbsp;morning&nbsp;trading&nbsp;on&nbsp;Tencent top holder Prosus to sell up to $14.6 billion stake.</p><p><img src=\"https://static.tigerbbs.com/13e5785836356611f7a2d82148113186\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Prosus NV&nbsp;plans to raise as much as $14.6 billion from the sale of shares in Chinese internet giant&nbsp;Tencent Holdings Ltd., further growing its war chest for new e-commerce deals.</p><p>The Amsterdam-listed firm will sell a 2% stake in Tencent, reducing its holding to just under 29% while remaining the biggest shareholder, according to a&nbsp;statement&nbsp;on Wednesday. The price range was set at HK$575.00 to HK$595.00, a discount to the last trading price of HK$629.50.</p><p>The deal will more than quadruple Prosus’s cash reserves from $4.6 billion as of the end of September.</p><p>Prosus is cashing on one of the all-time great venture-capital deals.Naspers Ltd., the company’s Cape-Town-based parent, invested just $32 million in Tencent in 2001, when it was an obscure internet firm. The shares are now worth about $239 billion.</p><p>While the decision has made Naspers the most valuable company in Africa, its market capitalization of about $109 billion lags well behind the value of the Tencent holding. The creation of Prosus was partly designed to narrow that discount, but the Amsterdam-based company too is dwarfed by the size of the stake in the WeChat creator.</p><p>Prosus has committed not to sell any further Tencent shares for at least the next three years, the company said. Naspers sold a similar size stake in 2018, a year before spinning off the shareholding and most of its other businesses into what is now Prosus.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tencent ADR tumbled 9% in morning trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTencent ADR tumbled 9% in morning trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-04-07 21:56</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Tencent&nbsp;ADR&nbsp;tumbled&nbsp;9%&nbsp;in&nbsp;morning&nbsp;trading&nbsp;on&nbsp;Tencent top holder Prosus to sell up to $14.6 billion stake.</p><p><img src=\"https://static.tigerbbs.com/13e5785836356611f7a2d82148113186\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Prosus NV&nbsp;plans to raise as much as $14.6 billion from the sale of shares in Chinese internet giant&nbsp;Tencent Holdings Ltd., further growing its war chest for new e-commerce deals.</p><p>The Amsterdam-listed firm will sell a 2% stake in Tencent, reducing its holding to just under 29% while remaining the biggest shareholder, according to a&nbsp;statement&nbsp;on Wednesday. The price range was set at HK$575.00 to HK$595.00, a discount to the last trading price of HK$629.50.</p><p>The deal will more than quadruple Prosus’s cash reserves from $4.6 billion as of the end of September.</p><p>Prosus is cashing on one of the all-time great venture-capital deals.Naspers Ltd., the company’s Cape-Town-based parent, invested just $32 million in Tencent in 2001, when it was an obscure internet firm. The shares are now worth about $239 billion.</p><p>While the decision has made Naspers the most valuable company in Africa, its market capitalization of about $109 billion lags well behind the value of the Tencent holding. The creation of Prosus was partly designed to narrow that discount, but the Amsterdam-based company too is dwarfed by the size of the stake in the WeChat creator.</p><p>Prosus has committed not to sell any further Tencent shares for at least the next three years, the company said. Naspers sold a similar size stake in 2018, a year before spinning off the shareholding and most of its other businesses into what is now Prosus.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TCEHY":"腾讯控股ADR"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115195821","content_text":"Tencent ADR tumbled 9% in morning trading on Tencent top holder Prosus to sell up to $14.6 billion stake.Prosus NV plans to raise as much as $14.6 billion from the sale of shares in Chinese internet giant Tencent Holdings Ltd., further growing its war chest for new e-commerce deals.The Amsterdam-listed firm will sell a 2% stake in Tencent, reducing its holding to just under 29% while remaining the biggest shareholder, according to a statement on Wednesday. The price range was set at HK$575.00 to HK$595.00, a discount to the last trading price of HK$629.50.The deal will more than quadruple Prosus’s cash reserves from $4.6 billion as of the end of September.Prosus is cashing on one of the all-time great venture-capital deals.Naspers Ltd., the company’s Cape-Town-based parent, invested just $32 million in Tencent in 2001, when it was an obscure internet firm. The shares are now worth about $239 billion.While the decision has made Naspers the most valuable company in Africa, its market capitalization of about $109 billion lags well behind the value of the Tencent holding. The creation of Prosus was partly designed to narrow that discount, but the Amsterdam-based company too is dwarfed by the size of the stake in the WeChat creator.Prosus has committed not to sell any further Tencent shares for at least the next three years, the company said. Naspers sold a similar size stake in 2018, a year before spinning off the shareholding and most of its other businesses into what is now Prosus.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":341258969,"gmtCreate":1617835790451,"gmtModify":1704703643575,"author":{"id":"3576917169491073","authorId":"3576917169491073","name":"Cheekwong","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":1},"htmlText":"Good news&nbsp;","listText":"Good news&nbsp;","text":"Good news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/341258969","repostId":1115195821,"repostType":4,"repost":{"id":"1115195821","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1617803804,"share":"https://www.laohu8.com/m/news/1115195821?lang=&edition=full","pubTime":"2021-04-07 21:56","market":"us","language":"en","title":"Tencent ADR tumbled 9% in morning trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1115195821","media":"Tiger Newspress","summary":"Tencent ADR tumbled 9% in morning trading on Tencent top holder Prosus to sell up to $14.6 billion s","content":"<p>Tencent&nbsp;ADR&nbsp;tumbled&nbsp;9%&nbsp;in&nbsp;morning&nbsp;trading&nbsp;on&nbsp;Tencent top holder Prosus to sell up to $14.6 billion stake.</p><p><img src=\"https://static.tigerbbs.com/13e5785836356611f7a2d82148113186\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Prosus NV&nbsp;plans to raise as much as $14.6 billion from the sale of shares in Chinese internet giant&nbsp;Tencent Holdings Ltd., further growing its war chest for new e-commerce deals.</p><p>The Amsterdam-listed firm will sell a 2% stake in Tencent, reducing its holding to just under 29% while remaining the biggest shareholder, according to a&nbsp;statement&nbsp;on Wednesday. The price range was set at HK$575.00 to HK$595.00, a discount to the last trading price of HK$629.50.</p><p>The deal will more than quadruple Prosus’s cash reserves from $4.6 billion as of the end of September.</p><p>Prosus is cashing on one of the all-time great venture-capital deals.Naspers Ltd., the company’s Cape-Town-based parent, invested just $32 million in Tencent in 2001, when it was an obscure internet firm. The shares are now worth about $239 billion.</p><p>While the decision has made Naspers the most valuable company in Africa, its market capitalization of about $109 billion lags well behind the value of the Tencent holding. The creation of Prosus was partly designed to narrow that discount, but the Amsterdam-based company too is dwarfed by the size of the stake in the WeChat creator.</p><p>Prosus has committed not to sell any further Tencent shares for at least the next three years, the company said. Naspers sold a similar size stake in 2018, a year before spinning off the shareholding and most of its other businesses into what is now Prosus.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tencent ADR tumbled 9% in morning trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTencent ADR tumbled 9% in morning trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-04-07 21:56</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Tencent&nbsp;ADR&nbsp;tumbled&nbsp;9%&nbsp;in&nbsp;morning&nbsp;trading&nbsp;on&nbsp;Tencent top holder Prosus to sell up to $14.6 billion stake.</p><p><img src=\"https://static.tigerbbs.com/13e5785836356611f7a2d82148113186\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Prosus NV&nbsp;plans to raise as much as $14.6 billion from the sale of shares in Chinese internet giant&nbsp;Tencent Holdings Ltd., further growing its war chest for new e-commerce deals.</p><p>The Amsterdam-listed firm will sell a 2% stake in Tencent, reducing its holding to just under 29% while remaining the biggest shareholder, according to a&nbsp;statement&nbsp;on Wednesday. The price range was set at HK$575.00 to HK$595.00, a discount to the last trading price of HK$629.50.</p><p>The deal will more than quadruple Prosus’s cash reserves from $4.6 billion as of the end of September.</p><p>Prosus is cashing on one of the all-time great venture-capital deals.Naspers Ltd., the company’s Cape-Town-based parent, invested just $32 million in Tencent in 2001, when it was an obscure internet firm. The shares are now worth about $239 billion.</p><p>While the decision has made Naspers the most valuable company in Africa, its market capitalization of about $109 billion lags well behind the value of the Tencent holding. The creation of Prosus was partly designed to narrow that discount, but the Amsterdam-based company too is dwarfed by the size of the stake in the WeChat creator.</p><p>Prosus has committed not to sell any further Tencent shares for at least the next three years, the company said. Naspers sold a similar size stake in 2018, a year before spinning off the shareholding and most of its other businesses into what is now Prosus.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TCEHY":"腾讯控股ADR"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115195821","content_text":"Tencent ADR tumbled 9% in morning trading on Tencent top holder Prosus to sell up to $14.6 billion stake.Prosus NV plans to raise as much as $14.6 billion from the sale of shares in Chinese internet giant Tencent Holdings Ltd., further growing its war chest for new e-commerce deals.The Amsterdam-listed firm will sell a 2% stake in Tencent, reducing its holding to just under 29% while remaining the biggest shareholder, according to a statement on Wednesday. The price range was set at HK$575.00 to HK$595.00, a discount to the last trading price of HK$629.50.The deal will more than quadruple Prosus’s cash reserves from $4.6 billion as of the end of September.Prosus is cashing on one of the all-time great venture-capital deals.Naspers Ltd., the company’s Cape-Town-based parent, invested just $32 million in Tencent in 2001, when it was an obscure internet firm. The shares are now worth about $239 billion.While the decision has made Naspers the most valuable company in Africa, its market capitalization of about $109 billion lags well behind the value of the Tencent holding. The creation of Prosus was partly designed to narrow that discount, but the Amsterdam-based company too is dwarfed by the size of the stake in the WeChat creator.Prosus has committed not to sell any further Tencent shares for at least the next three years, the company said. Naspers sold a similar size stake in 2018, a year before spinning off the shareholding and most of its other businesses into what is now Prosus.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":341260445,"gmtCreate":1617832655987,"gmtModify":1704703611940,"author":{"id":"3568349626879479","authorId":"3568349626879479","name":"Alice156","avatar":"https://static.tigerbbs.com/60ff94c21a2d26f4682ac8ed41af2e37","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/341260445","repostId":1115195821,"repostType":4,"repost":{"id":"1115195821","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1617803804,"share":"https://www.laohu8.com/m/news/1115195821?lang=&edition=full","pubTime":"2021-04-07 21:56","market":"us","language":"en","title":"Tencent ADR tumbled 9% in morning trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1115195821","media":"Tiger Newspress","summary":"Tencent ADR tumbled 9% in morning trading on Tencent top holder Prosus to sell up to $14.6 billion s","content":"<p>Tencent&nbsp;ADR&nbsp;tumbled&nbsp;9%&nbsp;in&nbsp;morning&nbsp;trading&nbsp;on&nbsp;Tencent top holder Prosus to sell up to $14.6 billion stake.</p><p><img src=\"https://static.tigerbbs.com/13e5785836356611f7a2d82148113186\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Prosus NV&nbsp;plans to raise as much as $14.6 billion from the sale of shares in Chinese internet giant&nbsp;Tencent Holdings Ltd., further growing its war chest for new e-commerce deals.</p><p>The Amsterdam-listed firm will sell a 2% stake in Tencent, reducing its holding to just under 29% while remaining the biggest shareholder, according to a&nbsp;statement&nbsp;on Wednesday. The price range was set at HK$575.00 to HK$595.00, a discount to the last trading price of HK$629.50.</p><p>The deal will more than quadruple Prosus’s cash reserves from $4.6 billion as of the end of September.</p><p>Prosus is cashing on one of the all-time great venture-capital deals.Naspers Ltd., the company’s Cape-Town-based parent, invested just $32 million in Tencent in 2001, when it was an obscure internet firm. The shares are now worth about $239 billion.</p><p>While the decision has made Naspers the most valuable company in Africa, its market capitalization of about $109 billion lags well behind the value of the Tencent holding. The creation of Prosus was partly designed to narrow that discount, but the Amsterdam-based company too is dwarfed by the size of the stake in the WeChat creator.</p><p>Prosus has committed not to sell any further Tencent shares for at least the next three years, the company said. Naspers sold a similar size stake in 2018, a year before spinning off the shareholding and most of its other businesses into what is now Prosus.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tencent ADR tumbled 9% in morning trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTencent ADR tumbled 9% in morning trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-04-07 21:56</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Tencent&nbsp;ADR&nbsp;tumbled&nbsp;9%&nbsp;in&nbsp;morning&nbsp;trading&nbsp;on&nbsp;Tencent top holder Prosus to sell up to $14.6 billion stake.</p><p><img src=\"https://static.tigerbbs.com/13e5785836356611f7a2d82148113186\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Prosus NV&nbsp;plans to raise as much as $14.6 billion from the sale of shares in Chinese internet giant&nbsp;Tencent Holdings Ltd., further growing its war chest for new e-commerce deals.</p><p>The Amsterdam-listed firm will sell a 2% stake in Tencent, reducing its holding to just under 29% while remaining the biggest shareholder, according to a&nbsp;statement&nbsp;on Wednesday. The price range was set at HK$575.00 to HK$595.00, a discount to the last trading price of HK$629.50.</p><p>The deal will more than quadruple Prosus’s cash reserves from $4.6 billion as of the end of September.</p><p>Prosus is cashing on one of the all-time great venture-capital deals.Naspers Ltd., the company’s Cape-Town-based parent, invested just $32 million in Tencent in 2001, when it was an obscure internet firm. The shares are now worth about $239 billion.</p><p>While the decision has made Naspers the most valuable company in Africa, its market capitalization of about $109 billion lags well behind the value of the Tencent holding. The creation of Prosus was partly designed to narrow that discount, but the Amsterdam-based company too is dwarfed by the size of the stake in the WeChat creator.</p><p>Prosus has committed not to sell any further Tencent shares for at least the next three years, the company said. Naspers sold a similar size stake in 2018, a year before spinning off the shareholding and most of its other businesses into what is now Prosus.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TCEHY":"腾讯控股ADR"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115195821","content_text":"Tencent ADR tumbled 9% in morning trading on Tencent top holder Prosus to sell up to $14.6 billion stake.Prosus NV plans to raise as much as $14.6 billion from the sale of shares in Chinese internet giant Tencent Holdings Ltd., further growing its war chest for new e-commerce deals.The Amsterdam-listed firm will sell a 2% stake in Tencent, reducing its holding to just under 29% while remaining the biggest shareholder, according to a statement on Wednesday. The price range was set at HK$575.00 to HK$595.00, a discount to the last trading price of HK$629.50.The deal will more than quadruple Prosus’s cash reserves from $4.6 billion as of the end of September.Prosus is cashing on one of the all-time great venture-capital deals.Naspers Ltd., the company’s Cape-Town-based parent, invested just $32 million in Tencent in 2001, when it was an obscure internet firm. The shares are now worth about $239 billion.While the decision has made Naspers the most valuable company in Africa, its market capitalization of about $109 billion lags well behind the value of the Tencent holding. The creation of Prosus was partly designed to narrow that discount, but the Amsterdam-based company too is dwarfed by the size of the stake in the WeChat creator.Prosus has committed not to sell any further Tencent shares for at least the next three years, the company said. Naspers sold a similar size stake in 2018, a year before spinning off the shareholding and most of its other businesses into what is now Prosus.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":341633653,"gmtCreate":1617807005972,"gmtModify":1704703440477,"author":{"id":"3555214777256239","authorId":"3555214777256239","name":"nananan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Time to buy the dip...or not?","listText":"Time to buy the dip...or not?","text":"Time to buy the dip...or not?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/341633653","repostId":1115195821,"repostType":4,"repost":{"id":"1115195821","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1617803804,"share":"https://www.laohu8.com/m/news/1115195821?lang=&edition=full","pubTime":"2021-04-07 21:56","market":"us","language":"en","title":"Tencent ADR tumbled 9% in morning trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1115195821","media":"Tiger Newspress","summary":"Tencent ADR tumbled 9% in morning trading on Tencent top holder Prosus to sell up to $14.6 billion s","content":"<p>Tencent&nbsp;ADR&nbsp;tumbled&nbsp;9%&nbsp;in&nbsp;morning&nbsp;trading&nbsp;on&nbsp;Tencent top holder Prosus to sell up to $14.6 billion stake.</p><p><img src=\"https://static.tigerbbs.com/13e5785836356611f7a2d82148113186\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Prosus NV&nbsp;plans to raise as much as $14.6 billion from the sale of shares in Chinese internet giant&nbsp;Tencent Holdings Ltd., further growing its war chest for new e-commerce deals.</p><p>The Amsterdam-listed firm will sell a 2% stake in Tencent, reducing its holding to just under 29% while remaining the biggest shareholder, according to a&nbsp;statement&nbsp;on Wednesday. The price range was set at HK$575.00 to HK$595.00, a discount to the last trading price of HK$629.50.</p><p>The deal will more than quadruple Prosus’s cash reserves from $4.6 billion as of the end of September.</p><p>Prosus is cashing on one of the all-time great venture-capital deals.Naspers Ltd., the company’s Cape-Town-based parent, invested just $32 million in Tencent in 2001, when it was an obscure internet firm. The shares are now worth about $239 billion.</p><p>While the decision has made Naspers the most valuable company in Africa, its market capitalization of about $109 billion lags well behind the value of the Tencent holding. The creation of Prosus was partly designed to narrow that discount, but the Amsterdam-based company too is dwarfed by the size of the stake in the WeChat creator.</p><p>Prosus has committed not to sell any further Tencent shares for at least the next three years, the company said. Naspers sold a similar size stake in 2018, a year before spinning off the shareholding and most of its other businesses into what is now Prosus.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tencent ADR tumbled 9% in morning trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTencent ADR tumbled 9% in morning trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-04-07 21:56</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Tencent&nbsp;ADR&nbsp;tumbled&nbsp;9%&nbsp;in&nbsp;morning&nbsp;trading&nbsp;on&nbsp;Tencent top holder Prosus to sell up to $14.6 billion stake.</p><p><img src=\"https://static.tigerbbs.com/13e5785836356611f7a2d82148113186\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Prosus NV&nbsp;plans to raise as much as $14.6 billion from the sale of shares in Chinese internet giant&nbsp;Tencent Holdings Ltd., further growing its war chest for new e-commerce deals.</p><p>The Amsterdam-listed firm will sell a 2% stake in Tencent, reducing its holding to just under 29% while remaining the biggest shareholder, according to a&nbsp;statement&nbsp;on Wednesday. The price range was set at HK$575.00 to HK$595.00, a discount to the last trading price of HK$629.50.</p><p>The deal will more than quadruple Prosus’s cash reserves from $4.6 billion as of the end of September.</p><p>Prosus is cashing on one of the all-time great venture-capital deals.Naspers Ltd., the company’s Cape-Town-based parent, invested just $32 million in Tencent in 2001, when it was an obscure internet firm. The shares are now worth about $239 billion.</p><p>While the decision has made Naspers the most valuable company in Africa, its market capitalization of about $109 billion lags well behind the value of the Tencent holding. The creation of Prosus was partly designed to narrow that discount, but the Amsterdam-based company too is dwarfed by the size of the stake in the WeChat creator.</p><p>Prosus has committed not to sell any further Tencent shares for at least the next three years, the company said. Naspers sold a similar size stake in 2018, a year before spinning off the shareholding and most of its other businesses into what is now Prosus.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TCEHY":"腾讯控股ADR"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115195821","content_text":"Tencent ADR tumbled 9% in morning trading on Tencent top holder Prosus to sell up to $14.6 billion stake.Prosus NV plans to raise as much as $14.6 billion from the sale of shares in Chinese internet giant Tencent Holdings Ltd., further growing its war chest for new e-commerce deals.The Amsterdam-listed firm will sell a 2% stake in Tencent, reducing its holding to just under 29% while remaining the biggest shareholder, according to a statement on Wednesday. The price range was set at HK$575.00 to HK$595.00, a discount to the last trading price of HK$629.50.The deal will more than quadruple Prosus’s cash reserves from $4.6 billion as of the end of September.Prosus is cashing on one of the all-time great venture-capital deals.Naspers Ltd., the company’s Cape-Town-based parent, invested just $32 million in Tencent in 2001, when it was an obscure internet firm. The shares are now worth about $239 billion.While the decision has made Naspers the most valuable company in Africa, its market capitalization of about $109 billion lags well behind the value of the Tencent holding. The creation of Prosus was partly designed to narrow that discount, but the Amsterdam-based company too is dwarfed by the size of the stake in the WeChat creator.Prosus has committed not to sell any further Tencent shares for at least the next three years, the company said. Naspers sold a similar size stake in 2018, a year before spinning off the shareholding and most of its other businesses into what is now Prosus.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":341608080,"gmtCreate":1617805874440,"gmtModify":1704703414220,"author":{"id":"3572057948118382","authorId":"3572057948118382","name":"滚筒","avatar":"https://static.tigerbbs.com/ff35c63639130db9306c87ac66c94640","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"After offloading that much, it still has 29%....","listText":"After offloading that much, it still has 29%....","text":"After offloading that much, it still has 29%....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/341608080","repostId":1115195821,"repostType":4,"repost":{"id":"1115195821","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1617803804,"share":"https://www.laohu8.com/m/news/1115195821?lang=&edition=full","pubTime":"2021-04-07 21:56","market":"us","language":"en","title":"Tencent ADR tumbled 9% in morning trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1115195821","media":"Tiger Newspress","summary":"Tencent ADR tumbled 9% in morning trading on Tencent top holder Prosus to sell up to $14.6 billion s","content":"<p>Tencent&nbsp;ADR&nbsp;tumbled&nbsp;9%&nbsp;in&nbsp;morning&nbsp;trading&nbsp;on&nbsp;Tencent top holder Prosus to sell up to $14.6 billion stake.</p><p><img src=\"https://static.tigerbbs.com/13e5785836356611f7a2d82148113186\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Prosus NV&nbsp;plans to raise as much as $14.6 billion from the sale of shares in Chinese internet giant&nbsp;Tencent Holdings Ltd., further growing its war chest for new e-commerce deals.</p><p>The Amsterdam-listed firm will sell a 2% stake in Tencent, reducing its holding to just under 29% while remaining the biggest shareholder, according to a&nbsp;statement&nbsp;on Wednesday. The price range was set at HK$575.00 to HK$595.00, a discount to the last trading price of HK$629.50.</p><p>The deal will more than quadruple Prosus’s cash reserves from $4.6 billion as of the end of September.</p><p>Prosus is cashing on one of the all-time great venture-capital deals.Naspers Ltd., the company’s Cape-Town-based parent, invested just $32 million in Tencent in 2001, when it was an obscure internet firm. The shares are now worth about $239 billion.</p><p>While the decision has made Naspers the most valuable company in Africa, its market capitalization of about $109 billion lags well behind the value of the Tencent holding. The creation of Prosus was partly designed to narrow that discount, but the Amsterdam-based company too is dwarfed by the size of the stake in the WeChat creator.</p><p>Prosus has committed not to sell any further Tencent shares for at least the next three years, the company said. Naspers sold a similar size stake in 2018, a year before spinning off the shareholding and most of its other businesses into what is now Prosus.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tencent ADR tumbled 9% in morning trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTencent ADR tumbled 9% in morning trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-04-07 21:56</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Tencent&nbsp;ADR&nbsp;tumbled&nbsp;9%&nbsp;in&nbsp;morning&nbsp;trading&nbsp;on&nbsp;Tencent top holder Prosus to sell up to $14.6 billion stake.</p><p><img src=\"https://static.tigerbbs.com/13e5785836356611f7a2d82148113186\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Prosus NV&nbsp;plans to raise as much as $14.6 billion from the sale of shares in Chinese internet giant&nbsp;Tencent Holdings Ltd., further growing its war chest for new e-commerce deals.</p><p>The Amsterdam-listed firm will sell a 2% stake in Tencent, reducing its holding to just under 29% while remaining the biggest shareholder, according to a&nbsp;statement&nbsp;on Wednesday. The price range was set at HK$575.00 to HK$595.00, a discount to the last trading price of HK$629.50.</p><p>The deal will more than quadruple Prosus’s cash reserves from $4.6 billion as of the end of September.</p><p>Prosus is cashing on one of the all-time great venture-capital deals.Naspers Ltd., the company’s Cape-Town-based parent, invested just $32 million in Tencent in 2001, when it was an obscure internet firm. The shares are now worth about $239 billion.</p><p>While the decision has made Naspers the most valuable company in Africa, its market capitalization of about $109 billion lags well behind the value of the Tencent holding. The creation of Prosus was partly designed to narrow that discount, but the Amsterdam-based company too is dwarfed by the size of the stake in the WeChat creator.</p><p>Prosus has committed not to sell any further Tencent shares for at least the next three years, the company said. Naspers sold a similar size stake in 2018, a year before spinning off the shareholding and most of its other businesses into what is now Prosus.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TCEHY":"腾讯控股ADR"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115195821","content_text":"Tencent ADR tumbled 9% in morning trading on Tencent top holder Prosus to sell up to $14.6 billion stake.Prosus NV plans to raise as much as $14.6 billion from the sale of shares in Chinese internet giant Tencent Holdings Ltd., further growing its war chest for new e-commerce deals.The Amsterdam-listed firm will sell a 2% stake in Tencent, reducing its holding to just under 29% while remaining the biggest shareholder, according to a statement on Wednesday. The price range was set at HK$575.00 to HK$595.00, a discount to the last trading price of HK$629.50.The deal will more than quadruple Prosus’s cash reserves from $4.6 billion as of the end of September.Prosus is cashing on one of the all-time great venture-capital deals.Naspers Ltd., the company’s Cape-Town-based parent, invested just $32 million in Tencent in 2001, when it was an obscure internet firm. The shares are now worth about $239 billion.While the decision has made Naspers the most valuable company in Africa, its market capitalization of about $109 billion lags well behind the value of the Tencent holding. The creation of Prosus was partly designed to narrow that discount, but the Amsterdam-based company too is dwarfed by the size of the stake in the WeChat creator.Prosus has committed not to sell any further Tencent shares for at least the next three years, the company said. Naspers sold a similar size stake in 2018, a year before spinning off the shareholding and most of its other businesses into what is now Prosus.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":34,"commentSize":21,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1115195821"}