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Tencent Could Offload Some of its Massive Investment Portfolio

By
Wayne Ma
· · Source: The Wall Street Journal

Tencent could sell off some of its massive investment portfolio, which includes minority takes in KE Holdings, Meituan and Didi Global, the Wall Street Journal reported. The newspaper said the possible sales were driven partly by a desire to invest elsewhere including videogames and healthcare. They also could be used for share buybacks to butress them against a selloff from Prosus NV, it’s...

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