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Benzinga
Benzinga
World
The Bamboo Works

Is Tencent Winding Down Its Big Investments?

Tencent Meituan China JDcom Nasdaq Hong Kong Alibaba Pinduoduo

Key Takeaways:

  • Reuters reported Tencent might sell some or all of its Meituan holdings this year, though Tencent called the report ‘inaccurate’
  • Some think Tencent might sell other stakes in its more than 70 U.S.- and Hong Kong-listed portfolio companies to raise funds to buy back its shares
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