People walking past an electronic board showing Hong Kong stock prices in Mong Kok. Photo: Sam Tsang
People walking past an electronic board showing Hong Kong stock prices in Mong Kok. Photo: Sam Tsang
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Tech stocks sink in Hong Kong on concerns Tencent to divest more investments while Alibaba slips on antitrust fine

  • Tencent pared its stake in Sea Limited, a Singapore-based consumer tech firm listed in the US, following a plan to offer its stake in JD.com as special dividend
  • Declines in Meituan, Kuaishou and Bilibili, all partly owned by Tencent, have pushed the market towards its worst start to a year since 2005

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People walking past an electronic board showing Hong Kong stock prices in Mong Kok. Photo: Sam Tsang
People walking past an electronic board showing Hong Kong stock prices in Mong Kok. Photo: Sam Tsang
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