Tencent Holdings Ltd. is considering scaling back its massive investment portfolio as the Chinese video game and social media company tries to fund a series of share buybacks and refocus its growth strategy. , people familiar with the matter said.
The tech giant, which owns stakes in some of China’s biggest internet companies, recently completed a regular review of its vast portfolio and identified possible share sale priorities. based on the returns these investments have generated. Potential proposals may include online real estate brokerage KE Holdings food delivery company Meituan and the ride-hailing giant Global Didi they added. These people said Tencent is in no hurry to make divestitures and it is unclear when they will happen.