Meituan (MPNGY)
- Bloomberg
Tencent’s $2.3 Billion Buyback Spree Fails to Stem Stock Rout
(Bloomberg) -- Tencent Holdings Ltd’s buyback spree is failing to revive investor sentiment over the online gaming giant, whose shares are languishing at a 2018 low. Most Read from BloombergGermany Suspects Sabotage Hit Russia’s Nord Stream PipelinesEverything-Selloff on Wall Street Deepens on 98% Recession OddsStocks, Commodities Drop; US Treasury Yields Surge: Markets WrapGoldman and BlackRock Sour on Stocks as Recession Risk RisesJohn Paulson on Frothy US Housing Market: This Time Is Differen
- Bloomberg
Tencent Denies Report It Will Sell Down Didi, Meituan Stakes
(Bloomberg) -- Tencent Holdings Ltd. denied a report it was considering selling down investments in companies from Meituan to KE Holdings Inc. to bankroll share buybacks and new businesses.Most Read from BloombergJohn Paulson on Frothy US Housing Market: This Time Is DifferentUK Market Selloff Slams Gilts, Pound, Piling Pressure on BOEStocks, Commodities Drop; US Treasury Yields Surge: Markets WrapWall Street Banks Prep for Grim China Scenarios Over TaiwanOnce-Hot Fake Meat Sees Sales Slide on P
- Bloomberg
Tencent Targets About $14.5 Billion in Divestments, FT Says
(Bloomberg) -- Tencent Holdings Ltd. has set a soft target of divesting about 100 billion yuan ($14.5 billion) of its $88 billion listed equity portfolio this year as it shifts strategy, the Financial Times reported, citing two unidentified people familiar with the matter.Most Read from BloombergRussia Privately Warns of Deep and Prolonged Economic DamageEnergy Trading Stressed by Margin Calls of $1.5 TrillionIndian Billionaire Closes In on Bezos With 1,000% Stock SurgeUkraine Latest: US Says Ru
