Tencent Divesting $15B – Why is the Chinese Tech Giant Selling Off Assets?
Tencent, a tech conglomerate based in China, is divesting $14.5 billion worth of assets in a move to appease Chinese monopoly regulators and better position the company in the event of an economic downturn. While Tencent claims these divestments are part of its “goal of generating strong returns for our company and shareholders”, I think there’s influence at play here from CCP regulators and opertives.
Tencent divestment strategy sends chill through China’s tech sector: www.ft.com/content/24f7b605-3052-4476-ae2d-a2d0028e70a4
#tencent #tencentgames #antitrust
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