Much has been made about $TENCENT(00700)$ 's divestments and what to make of it. In fairness, the huge company has its fingers in too many pies so much so they even seem very greedy! But in honesty, their choice of companies seem to indicate a lean towards the new world economy in the area of video games and fintech as well as a sprinkle of EVs(Nio!). However, it is a very big pie of high growths! And in this current environment, high growths are kind of not the flavour. 

So it is not surprising they are taking the opportunity to divest, streamline to stay alive. Theyneed to concentrate on what they believe theydo best or what best serves their growth strategy. Most companies (especially high growth) are in survival mode and that makes sense in order to ride out the ongoing macro environment. 

If you ask me which company they might divest next, I will tell you I have no idea! There are just so many companies they are invested in, its so hard to tell. But they will most probably divest the companies that have the most cash burn and keep those with positive cash flows orat least a reasonable path to profitability.

Thanks for reading!