$TENCENT(00700)$had divested its stake in $Sea Ltd(SE)$ and $JD.com(JD)$, and is planning to divest its shares holding in Meituan, reportedly to appease local regulators continuing to clamp down on the Chinese tech sector.
Meituan has been facing its own anti-competition clampdown by the government, the liquidation of its shares by its largest shareholder Tencent is bound to add oil to the fire.
Should there be a resulting fire-sale on Meituan, it may present an opportunity for investors to bottom fish some shares on the cheap.
@TigerWire@TigerStars@TigerEvents
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