1. LINE

      Text:AAAPrint
      Economy

      Tencent slumps after Ma cuts stake: report

      1
      2015-04-14 14:23chinadaily.com.cn Editor: Wang Fan

      Tencent shares saw the largest drop in a year at the trading break in Hong Kong, after chairman Ma Huateng cut his stake in China's biggest social networking and online entertainment firm, according to a Bloomberg report.

      Chairman Ma Huateng, China's third-richest person, cut his stake to 9.65 percent from 9.86 percent and raised a combined HK$3.22 billion ($415 million), according to filings to the Hong Kong stock exchange Monday.

      Tencent slumped for the first time in 10 days, and the stock fell 4.4 percent to HK$163 at the trading break in Hong Kong, the most in almost a year. The benchmark Hang Seng index declined 0.5 percent.

      Selling shares sent a signal to investors to withdraw from the stock after a 62 percent surge in the 12 months through Monday, the report quoted Louis Tse, a Hong Kong-based director of VC Brokerage Ltd, as saying.

      Tencent rose 5.38 percent to close at HK$170.50 in trading in Hong Kong on Monday, giving it a market valuation of $206 billion, the first time more than $200 billion. This is higher than Oracle's $190 billion, Amazon's $178 billion and IBM's $161 billion.

      "If the chairman of a company starts selling, it probably means the market could start taking a beating," Tse added. "The market has risen so much, it was expected to come down at some point."

      Ma sold 10 million Tencent shares on Thursday at an average of HK$162.26 each and another 10 million shares on Friday at an average of HK$159.81 each, according to two disclosure filings to the Hong Kong stock exchange.

      Tencent reported a jump in online advertising revenue during the fourth quarter, buoying the outlook for higher earnings from its WeChat and QQ messaging services. Net income for the three months ended December rose 50 percent as Tencent develops its advertising, payment services, online games and content streaming businesses.

      Related news

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      News
      Politics
      Business
      Society
      Culture
      Military
      Sci-tech
      Entertainment
      Sports
      Odd
      Features
      Biz
      Economy
      Travel
      Travel News
      Travel Types
      Events
      Food
      Hotel
      Bar & Club
      Architecture
      Gallery
      Photo
      CNS Photo
      Video
      Video
      Learning Chinese
      Learn About China
      Social Chinese
      Business Chinese
      Buzz Words
      Bilingual
      Resources
      ECNS Wire
      Special Coverage
      Infographics
      Voices
      LINE
      Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.
      主站蜘蛛池模板: 亚洲精品无码久久久久| 免费国产在线观看不卡| 久久精品a亚洲国产v高清不卡| 一级毛片成人免费看a| 亚洲第一页日韩专区| 另类小说亚洲色图| 日韩亚洲国产二区| 色老头综合免费视频| 亚洲精品国自产拍在线观看| 无码 免费 国产在线观看91| 亚洲精品国产高清嫩草影院| 一个人免费观看视频在线中文| 久久久精品国产亚洲成人满18免费网站 | 亚洲黄色在线视频| 亚洲大片免费观看| 一日本道a高清免费播放| 亚洲高清免费视频| 色播在线永久免费视频网站| 亚洲第一精品在线视频| 99在线精品视频观看免费| 亚洲精品一二三区| 日本一道本高清免费| 久久www免费人成看国产片| 亚洲国产精品无码AAA片| 在线看免费观看AV深夜影院| 亚洲精品久久久久无码AV片软件| 亚洲第一黄色网址| 免费无码一区二区三区| 中文字幕亚洲情99在线| 亚洲国产成人久久笫一页| 97人妻精品全国免费视频| 亚洲午夜精品在线| 亚洲av区一区二区三| 国产精品免费高清在线观看| 亚洲午夜无码久久| 亚洲一区二区三区香蕉| 99视频全部免费精品全部四虎| 视频一区在线免费观看| 久久亚洲AV成人出白浆无码国产| 免费看无码自慰一区二区| 免费久久人人爽人人爽av|