Tencent divestments could signal more sales amid Big Tech crackdown as it shifts focus to new tech like the metaverse

Source: Tech – South China Morning PostPlans from Tencent Holdings, China’s largest social media and video gaming company, to sell its stake in Singapore-based e-commerce giant Sea Limited hot on the heels of offloading JD.com stock has lead to investor fears of greater divestment in mature technology firms, aligning with the government’s continued antitrust campaign as it seeks opportunities in new areas.The divestment has raised questions about Tencent’s sprawling investments across a wide variety of companies. These holdings…Read More

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