Prosus, a major shareholder of Tencent, announced that as part of its ongoing share buyback plan, it will deposit 96 million Tencent shares it holds into the Hong Kong Central Clearing and Settlement System (CCASS) in certificate form this week to enable these shares to be traded orderly on the market.
Berkshire Hathaway, an investment company owned by Warren Buffett, sold 2.4805 million shares of BYD on March 31 at an average price of HK$217.67 ($27.73) per share for a total of approximately HK$540 million ($68.8 million).
In the afternoon of August 16, the Hong Kong shares of Chinese food delivery giant Meituan fell by 10% after it was reported that its shareholder Tencent is planning to sell all or most of its $24 billion shares.
News emerged on August 12 that Leon Li, the founder of cryptocurrency exchange Huobi, is seeking to sell a 60% stake in the company that would value the business at $3 billion. However, the report was denied by the platform.
Tencent is negotiating a new deal that would boost its stakes in Supercell, a Finnish smartphone game developer, at a valuation of roughly $11 billion.
Retail giant Suning.com announced on Sunday it has received 14.8 billion yuan ($2.3 billion) in investment from state-backed investors in exchange for a 23% stake in the company, leading to a change in management.
Leading Chinese electric vehicle manufacturer NIO Inc. said on Feb. 4 that it will spend 5.5 billion yuan (approximately $850 million) to purchase 3.305% of its subsidiary entity NIO China from two investors.
Leading ride-hailing company Uber Technologies Inc. is seeking to sell part of its $6.3 billion stake in Didi Chuxing, Bloomberg reported.