Tencent Unit Seeks up to $1.55 Billion From Short-Video Company Kuaishou Share Sale

Kuaishou shares tumble as Tencent slashes stake after US$3b Kling AI deal

The divestment will reduce Tencent’s shareholding in Kuaishou to 9.37 per cent from 15.68 per cent.

Tencent Seeks to Sell Up to $1.6 Billion Stake in Kuaishou

Tencent Holdings Ltd. is seeking to raise as much as $1.55 billion in a selldown of part of its stake in short-video app operator Kuaishou Technology through a block trade.

Tencent moves to sell up to $1.6B of its Kuaishou stake

The block trade nearly halves Tencent's Kuaishou holding, weeks after it backed the platform's $18bn Kling AI spinoff.

Tencent unit seeks up to $1.55 billion from short-video company Kuaishou share sale

The Tencent unit ​is offering about 273 million Kuaishou Class B shares at HK$43.15 ($5.50) to ​HK $44.53 each. The range ⁠values the ‌sale at about $1.50 billion to $1.55 ​billion.

Tencent Slashes Kuaishou Stake Below 10% in Major Sell-Down Amid AI Expansion and Earnings Pressure

The post Tencent Slashes Kuaishou Stake Below 10% in Major Sell-Down Amid AI Expansion and Earnings Pressure appeared first on YUAN TALKS.