weifeng_86
2022-11-18

I doubt they will continue doing so now that the stock price is recovering.

Which company will Tencent divest next?
Yesterday, $TENCENT(00700)$ announced a plan to distribute $20 billion of stock in meal delivery giant $Meituan(03690)$ in dividend. A year ago, Tencent distributed $JD-SW(09618)$ in the same way. Market worries about further divestments from its significant holdings of Chinese tech shares. Tencent is important shareholder of these head enterprises: PDD, $KUAISHOU-W(01024)$, $BILIBILI-W(09626)$. ---- [TOPIC] Which company will be divested next? Are you bullish on Tencent?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment