Tencent logo is seen on an Android mobile phone over stock chart. Photo: Shutterstock
Tencent logo is seen on an Android mobile phone over stock chart. Photo: Shutterstock
Tencent

Tencent trims stake in Koolearn, New Oriental’s live-streaming unit, as new venture fuels a six-fold jump in stock

  • Tencent collected US$92 million by selling down its stake in Koolearn Technology to 1.6 per cent from 9 per cent in two transactions this month
  • Koolearn switched to live-streaming shopping after China last year slammed for-profit private education business in part of tech sector crackdown

Tencent logo is seen on an Android mobile phone over stock chart. Photo: Shutterstock
Tencent logo is seen on an Android mobile phone over stock chart. Photo: Shutterstock
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