Tencent Cuts Kuaishou Stake by a Third in $1.6 Billion Block Trade

Mon, 06 Jul 2026 23:11:00 +0800

Tencent has dramatically reduced its stake in Kuaishou, selling roughly 273 million Class B shares through an off-market block trade on Monday. The deal drops Tencent’s ownership from 15.68% to 9.37%, stripping it of its status as a major shareholder in China’s second-largest short-video platform.

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Tencent Cuts Kuaishou Stake by a Third in $1.6 Billion Block Trade