Tencent Keeps Selling Parts of its Portfolio

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The Street

By Brian O’Connell Moves come as pressure from Chinese regulators on big tech names continues, Real Money’s Alex Frew McMillan says. Tencent Holdings (TCTZF) , the video game maker and operator of Chinese mega-app WeChat, continues to rationalize its investment portfolio, with the sale of a portion stake in Singapore-based game maker and e-commerce operator Sea Ltd. (SE) – Get Sea Ltd. (Singapore) Report. The move comes at a time when Tencent is curbing its positions in numerous portfolio companies and as the Chinese government continues to pressure larger technology companies to toe the leade…

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