Prosus

Tencent unloads US$206 million in Futu shares amid China’s economic stimulus push

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Tencent unloads US6 million in Futu shares amid China’s economic stimulus push

Tencent Holdings is the seller behind a share sale of Chinese brokerage-platform operator Futu Holdings, according to people familiar with the matter, the latest that takes advantage of improving market conditions after Beijing unveiled economic stimulus. An unidentified shareholder raised about US$206 million after selling Futu’s American depositary shares at a 5.9 per cent premium … Read more

Tencent chairman Pony Ma sets confident tone for internet giant in 2024 amid WeChat’s improved business prospects, sources say

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Tencent chairman Pony Ma sets confident tone for internet giant in 2024 amid WeChat’s improved business prospects, sources say

The 52-year-old Ma, who kept a low profile during China’s 32-month crackdown on Big Tech firms, delivered that positive message in a speech before Tencent’s annual staff meeting on Monday at a stadium in Shenzhen, the company’s home city in southern Guangdong province. Founded in November 1998, Tencent must find new lifelines in its video … Read more