On September 1, Tencent replied to The Paper that it did not set any target amount for the reduction of holdings; Tencent’s investment has always been aimed at creating substantial returns for the company and shareholders, rather than reaching a certain amount within any given time; Tencent also No external pressure on the portfolio.
On August 17, in Tencent’s second-quarter earnings conference call, Tencent executives said that the report on the reduction of Meituan’s holdings was “not accurate”.
In the conference call, Tencent executives said that Tencent has been optimizing the investment portfolio. Tencent paid about 17 billion to 18 billion US dollars to shareholders, in essence hoping to provide shareholders with sufficient returns. Tencent reduced its holdings beforeJD.comWaiting for stocks, these funds are also returned to shareholders, and some repurchases are also carried out to allocate the investment reasonably. In the future, Tencent’s rebates and repurchases to shareholders will continue.
It is worth noting that Tencent has significantly “shrunk” its investment industry within half a year.
According to the financial report, as of June 30, the fair value of Tencent’s equity in listed investment companies (excluding subsidiaries) was 601.9 billion yuan. At the end of last year, the figure was 982.835 billion yuan. This also means that within half a year, the fair value of Tencent’s investment has decreased by about 380 billion yuan.
Since the second half of last year, Tencent has “clearly reduced” its 14.7% stake in JD. .
As of the close on September 1, Tencent closed at HK$324.6, down 0.79%.