Tencent Considers More Stake Sales to Fund Share Buybacks, Future Growth

Tencent Holdings Ltd. is trying into shedding extra of its enormous funding portfolio because the Chinese language social-media and videogame firm tries to fund a sequence of share buybacks and refocus its progress technique, folks conversant in the matter mentioned.

The know-how big, which owns stakes in a few of China’s largest web corporations, has lately accomplished a daily evaluate of its sprawling portfolio and recognized its priorities for doable stake gross sales based mostly on the returns these investments have generated, the folks mentioned. Potential disposals might embody on-line real-estate brokerage KE Holdings food-delivery firm Meituan and ride-hailing big Didi World they added. Tencent is in no rush to execute the divestments, the folks mentioned, and it’s unclear when they may occur.