Anxious about regulators, Naspers, SoftBank, Berkshire, and other early investors in Chinese tech giants are selling; $7.6B in Tencent shares could be sold
Bloomberg :
Tencent shares fell 5.2% on Monday as Chinese tech stocks had their worst two-day drop since July 2021, amid fears of impending regulatory crackdowns
Chinese technology shares had their worst two-day drop since July due to renewed fears Beijing may roll out more restrictions for private enterprise.
Tencent shares fell 4% on Monday and 4.4% on Friday, wiping out $62B, as sources say China's regulators will focus on Tencent following Ant Group crackdown
- Its fintech, payments business worth $120 billion: Bernstein — Shares fall a second day on concern over regulatory scrutiny
Shares of Tencent, which had a market capitalization of $687B on Thursday, closed down 5%+ in Hong Kong after Trump's ban on WeChat
Just before the news, Tencent shares were trading near a record high — Shares of Tencent Holdings Ltd. TCEHY 0.17% plunged as much as 10% on Friday …
Tencent reports surprise 2% fall in Q2 net profit, its first decline in nearly 13 years, due to slower growth in mobile games and a drop in PC gaming
almost unheard of for China's tech titans — gaming engine stutters South China Morning Post : Tencent posts first profit decline since 2005 on lower gaming revenue, investment gains Lulu Yilun Chen / ...
South African media giant Naspers to sell 2% of its stake in Tencent for ~$10.6B; Naspers invested $32M in Tencent in 2001
for $10.6 Billion Brandy Betz / Seeking Alpha : Naspers sells $10.6B of Tencent shares Tweets: Joe Weisenthal / @thestalwart : This is absolutely incredible. The South African media company Naspers in...