Market Chatter: Rumors About Layoffs at Tencent Unit Baseless, Representative Confirms

MT Newswires Live10-31

A Tencent (HKG:0700) representative has dismissed online rumors of layoffs and the reduction of studios at unit Tencent Interactive Entertainment Group, Yicai Global said in a Thursday report.

The firm is, however, looking to make some changes at the executive level, the report said citing the representative.

Shares of tech giant Tencent closed nearly 2% lower on Thursday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price (HKD): $404.60, Change: $-6.4, Percent Change: -1.56%

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