Stock Market News

Tencent Says Meituan Stake-Sale Report Is Not Accurate

08/17/2022

Less than a minute

2022.08.17 17:34

Tencent Says Meituan Stake-Sale Report Is Not Accurate

(Bloomberg) — Tencent Holdings (OTC:TCEHY) Chief Strategy Officer James Mitchell said a report that the company intends to sell all or much of its $24 billion stake in food delivery giant Meituan (HK:3690) was incorrect.

Reuters reported Tuesday that the social media giant has engaged financial advisers in recent months on ways to execute the sale of a roughly 17% stake, in order to appease state authorities that have been working to curb the influence of tech industry leaders.

The report “is not accurate,” Mitchell told analysts on a post-earnings conference call.

©2022 Bloomberg L.P.

08/17/2022

Less than a minute

Leave a Reply Cancel reply

You must be logged in to post a comment.

Bitcoin (BTC) $ 82,592.13 0.82%

Ethereum (ETH) $ 1,929.56 1.17%

Tether (USDT) $ 1.00 0.01%

XRP (XRP) $ 2.27 1.11%

BNB (BNB) $ 616.97 1.35%

Solana (SOL) $ 124.42 0.61%

USDC (USDC) $ 0.999969 0.01%

Cardano (ADA) $ 0.701518 0.86%

Dogecoin (DOGE) $ 0.167018 0.71%

TRON (TRX) $ 0.242596 9.76%

Lido Staked Ether (STETH) $ 1,927.21 1.15%

wrapped-bitcoin

Wrapped Bitcoin (WBTC) $ 82,388.07 0.81%

LEO Token (LEO) $ 9.77 0.40%

the-open-network

Toncoin (TON) $ 3.57 4.31%

Chainlink (LINK) $ 13.80 0.42%

Stellar (XLM) $ 0.275071 2.63%

USDS (USDS) $ 1.00 0.03%

Wrapped stETH (WSTETH) $ 2,311.52 0.54%

Pi Network (PI) $ 1.18 7.40%

hedera-hashgraph

Hedera (HBAR) $ 0.186517 1.24%

Avalanche (AVAX) $ 18.90 1.60%

Shiba Inu (SHIB) $ 0.000013 1.70%

Sui (SUI) $ 2.28 2.55%

MANTRA (OM) $ 7.04 1.14%

Litecoin (LTC) $ 89.41 1.18%

Polkadot (DOT) $ 4.45 3.48%

Bitcoin Cash (BCH) $ 333.37 0.32%

Bitget Token (BGB) $ 4.58 3.46%

Ethena USDe (USDE) $ 0.99987 0.01%

WETH (WETH) $ 1,928.60 1.21%

binance-bridged-usdt-bnb-smart-chain

Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.19%

Hyperliquid (HYPE) $ 14.06 7.80%

Wrapped eETH (WEETH) $ 2,053.24 1.42%

WhiteBIT Coin (WBT) $ 28.05 1.30%

Uniswap (UNI) $ 6.38 2.88%

Monero (XMR) $ 206.96 1.81%

sUSDS (SUSDS) $ 1.04 0.00%

Aptos (APT) $ 5.37 1.80%

Dai (DAI) $ 1.00 0.06%

OKB (OKB) $ 52.50 0.96%

NEAR Protocol (NEAR) $ 2.56 1.25%

Pepe (PEPE) $ 0.000007 0.86%

internet-computer

Internet Computer (ICP) $ 5.81 0.60%

Ethereum Classic (ETC) $ 18.01 2.22%

Mantle (MNT) $ 0.806308 2.10%

gatechain-token

Gate (GT) $ 21.96 0.07%

Ondo (ONDO) $ 0.830618 1.05%

tokenize-xchange

Tokenize Xchange (TKX) $ 32.03 3.32%

Aave (AAVE) $ 170.13 1.10%

coinbase-wrapped-btc

Coinbase Wrapped BTC (CBBTC) $ 82,605.13 0.80%