On April 13th, the Hong Kong Stock Exchange documents showed that Tencent Holdings (00700) reduced its stake in Kuaishou-W (01024) from 20.46% to 19.02%, causing a stir in the market. Tencent later explained that its investment entity PNI, which indirectly controls Tencent Plus Partners (TPP), distributed Kuaishou Class B shares totaling 51.16 million shares to some external capital partners in physical form at their request and free of charge. PNI is jointly invested by external capital and Tencent with TPP's assistance, so PNI's shareholding decreased by about 1.4%, while Tencent's total shareholding of 17.96% (excluding TPP) remained unchanged.Kuaishou currently has a market value of HKD210 billion. From the perspective of holding cost, as early as 2017 and 2018, Tencent twice invested

$Meituan(03690)$ posted Q3 financial report after close on November 25th, it made profits from loss again, beat estimates, together with most Chinese big techs. The strong will to survive, made them improved operational efficiency, and also, the market's surprise.Shall Meituan keep profits? From Q3 performance, both main business and new business are in great growth, and the cost control also reflects the operating leverage. Revenue was 62.62 billion yuan, a year-on-year increase of 28%, slightly higher than the market expectation of

Too big to manage 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 growt

Tencent Holdings' move to divest most of its Meituan stake by distributing the shares as a special dividend could help "lift the market sentiment" toward the Chinese tech giant, Nomura analysts Jialong Shi and Thomas Shen say in a note. Tencent's investment portfolio is worth over US$100 billion in total, and the company may continue to "tap its divestment portfolio to reward its shareholders," the analysts say. "If Tencent does show signs of carrying on this divestment and then distribute the cash to shareholders through buybacks or special dividends, it will be viewed positively by the market."

Tencent reportedly begins new round of layoffs Tencent $TENCENT(00700)$ has reportedly begun a new round of layoffs across its video streaming, gaming and cloud businesses, Reuters reported. The news outlet, citing four sources close to the matter, said the layoffs affect three out of Tencent's  six business divisions - platform and content, gaming-focused interactive entertainment department and cloud and smart industries group. The scale of the job cuts is currently unknown. Tencent's headcount fell from 116,213 in March to 110,715 by the end of June. The Chinese tech company already cut jobs earlier this year as part of cost cutting measures. It has also shuttered non-core businesses in certain areas, including online educa

Good job

They should buy over Xiaomi. Have multiple business types under 1 organization. For example Xiaomi, a subsidiary of the tencent group. Plus its always a wise move for companies to diversify instead of selling one type of product or service

$JD.com(JD)$ post Q3 earnings before the market on November 18th. Should it be a surprise? The total revenue was 243.54 billion yuan, a year-on-year increase of 11.35%, which was the same as market expectations; Active accounts were 588 million, a year-on-year increase of 6.54%, which was the same as market expectations In terms of sub-projects, JD.COM's retail revenue was 211.92 billion yuan, a year-on-year increase of 7%, less than the market expectation of 220 billion yuan, and its operating profit was 10.93 billion yuan, a year-on-year increase of 37.6%, higher than the market expectation of 9.8 billion yuan; Jingdong Logistics' revenue was 35.77 billion yua

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

Alibaba sub arm... Ant

I would go with the flow with the analyst prediction. Let see whether they are right in their guessing or not.

$TENCENT(00700)$ AFTER OFFLOADINF MEITUAN... IT IS TIME TO ROCKET

￠grab

I wanted to quickly run through my thoughts on the Tencent latest Q3 earnings announced yesterday. First up, operating metrics MAU is still up year on year and quarter on quarter for both Weixin + Wechat as well as Mobile QQ but as you can see, they are approaching the matured 1.3b numbers so inevitably growth is slowing down on this front. Overall numbers seem to be decent, with many sub-business units registering quarter on quarter increase. In particular, what was particular interest for shareholders is the domestic games segment – major titles like Honour of Kings and Peacekeeper Elite saw a decrease in revenue as a result of the stringent minor protection measures. However, judging by its quarter-on-quarter comparison, it appears things might have bottomed. Sea Ltd re

When Tencent unwounded investments in JD.com and Sea, we were speculating more would come. Our guess was Pinduoduo but it turned out that Tencent chose Meituan instead. Tencent announced yesterday that they would be distributing Meituan shares to Tencent shareholders. A Tencent shareholder would receive 1 Meituan share for every 10 Tencent shares held. Based on a share price of HK$166.40, the value of Meituan shares to be distributed was worth HK$159 billion. This distribution is equivalent to a 5.7% dividend yield. Shareholders can choose to sell Meituan shares to get the cash. It is a rather high yield from a tech company. On the results front, Tencent has showed some recovery. After suffering two consecutive quarters of declining revenue, 3Q2022 saw an uptick in revenue. Although rev