 "Tencent")
Tencent Holdings Ltd. has set a soft target of divesting about 100 billion yuan ($14.5 billion) of its $88 billion listed equity portfolio this year as it shifts strategy, the Financial Times reported, citing two unidentified people familiar with the matter.
Food-delivery service Meituan is among the assets that are in the pipeline for divestment, the paper reported. A reduction in the stake could ease pressure from anti-monopoly regulators. An email to a Tencent spokesperson in the US wasn’t immediately returned.
Beijing since late 2020 has worked to curb the influence of tech industry leaders from Tencent to Alibaba Group
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