Tencent chairman Pony Ma sets confident tone for internet giant in 2024 amid WeChat’s improved business prospects, sources say

2024-01-29 06:00 AM by Tyler Fields

The 52-year-old Ma, who kept a low profile during China’s 32-month crackdown on Big Tech firms, delivered that positive message in a speech before Tencent’s annual staff meeting on Monday at a stadium in Shenzhen, the company’s home city in southern Guangdong province. Founded in November 1998, Tencent must find new lifelines in its video …

Naspers Pares Stake in China’s Tencent Again; Internet Giant Buys Back Twice as Much

2023-12-11 03:50 AM by Tyler Fields

(Yicai) Dec. 11 — South African investment firm Naspers, which is Tencent Holdings’ biggest shareholder, reduced its stake in the Chinese internet behemoth by 513,500 shares on Dec. 7, but the next day Tencent countered by repurchasing more than twice as much to keep its stock price steady. Tencent’s share price [HKD:0700] closed up 0.52 …