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07:25","pubTimestamp":1732231500,"startTime":"0","endTime":"0","summary":"Shares of Reddit fell after Chinese conglomerate Tencent Holdings reported selling a chunk of its stake in the social-media company.Reddit stock was down 7.3%, at $146.50, in aftermarket trading Thursday. The eight-month-old shares touched a record high during the trading day.Tencent reported after the bell that it sold 654,979 shares on Tuesday at an average price of $133.76 apiece, 882,583 shares between Nov. 14 and Nov. 18 at about $129.38 apiece, and nearly 1.5 million shares earlier this month at an average price of $132.19.In all, the nearly $400 million in sales cut Tencent's holdings by about 28%. It still owns more than 7.75 million Reddit shares.According to the report, CEO Steve Huffman sold 124,408 shares on Nov. 15 for proceeds of about $15.9 million. Chief Operating Officer Jennifer Wong sold 33,333 shares for about $4.3 million on Nov. 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gamers using AI, among other 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Technology to Provide Tech Services to Tencent, Affiliates","url":"https://stock-news.laohu8.com/highlight/detail?id=2484914757","media":"MT Newswires Live","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2484914757?lang=en_us&edition=fundamental","pubTime":"2024-11-19 19:18","pubTimestamp":1732015132,"startTime":"0","endTime":"0","summary":"Chenqi Technology  agreed to provide technology services to Shenzhen Tencent Computer Systems, as well as Tencent  and its units and affiliates, a Nov. 15 bourse filing said.The technology services, which will include data collection, processing, and annotation products and services, will be offered from Nov. 15, 2024, to Dec. 31, 2026.Chenqi Technology and Shenzhen Tencent Computer Systems have also agreed to revise the existing annual cap for the service fees payable by the former under an existing marketing promotion services framework agreement for the year ending Dec. 31.Tencent, through its subsidiary, Tencent Mobility, holds a 15.87% interest in Chenqi Technology, making it a substantial shareholder.Shares of Chenqi Technology closed 1% lower on Tuesday.","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"corporation","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["LU0823040885.USD","00700","LU1960683339.HKD","09680","LU1048484197.HKD","HK0000306685.HKD","LU0163747925.USD","LU0396098781.USD","LU0359201612.USD","LU0823041008.USD","LU2097828557.USD","BK1517","IE00BZ08YR35.GBP","LU0589944569.HKD","IE0008368742.USD","LU1046422090.SGD","SG9999001903.USD","LU1880383366.USD","LU0683595622.HKD","LU0048597586.USD","LU0543330483.HKD","LU0029875118.USD","TCEHY","SG9999000459.SGD","LU0106259558.USD","LU0823038988.USD","LU0251144936.SGD","IE00B031HW06.USD","LU0823426480.USD","LU0828237510.HKD","LU0348825331.USD","HTCD.SI","LU0326950275.SGD","LU0823397285.USD","LU1814569148.SGD","SG9999002828.SGD","LU0359202008.SGD","LU0106959298.USD","IE0034224299.USD","LU0577902371.SGD","LU0431992006.USD","LU0048388663.USD","LU1303224171.USD","SG9999001689.USD","SG9999006514.SGD","80700","LU1719994722.HKD","LU0067412154.USD","LU0918141887.USD","LU0856984785.SGD"],"gpt_icon":1},{"id":"2484150259","title":"BRIEF-Tencent Bought Back 1.7 Mln Shares For HK$702.8 Mln On Nov 19 - HKEX Filing","url":"https://stock-news.laohu8.com/highlight/detail?id=2484150259","media":"Reuters","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2484150259?lang=en_us&edition=fundamental","pubTime":"2024-11-19 18:23","pubTimestamp":1732011803,"startTime":"0","endTime":"0","summary":"Nov 19 (Reuters) -    * TENCENT BOUGHT BACK 1.7 MILLION SHARES FOR HK$702.8 MILLION ON NOV 19 - HKEX FILING Further company coverage:    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Shareholder Naspers Expects Higher Performance, Driven By Growth -- Update","url":"https://stock-news.laohu8.com/highlight/detail?id=2484648381","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2484648381?lang=en_us&edition=fundamental","pubTime":"2024-11-18 16:37","pubTimestamp":1731919020,"startTime":"0","endTime":"0","summary":"Naspers expects its first-half performance to be boosted by its investment in Chinese technology giant Tencent, together with accelerated growth, improved profitability in its Ecommerce segment and other equity-accounted investments.The South African investor--which owns a 26% stake in Tencent Holdings through Prosus--said Monday that for the six months ended Sept. 30 core headline earnings per share are expected to increase between 87.2% and 93.8% to between 396 U.S. cents and 426 cents.Headline EPS are expected to be between 321 cents to 341 cents. Both figures are on a continuing operation basis and exclude the gains relating to the selldown of Tencent and impairment charges.The group said it still expects to deliver sustained growth helped by investment in AI tools in its technology ecosystem.Separately Naspers' Amsterdam-listed subsidiary company Prosus--which owns a roughly $114 billion stake in Tencent--said it expects core headline EPS for the same period to rise 84%-93% to 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Stanley, Goldman Turn More Cautious on China Stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=2484389693","media":"Bloomberg","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2484389693?lang=en_us&edition=fundamental","pubTime":"2024-11-18 13:39","pubTimestamp":1731908364,"startTime":"0","endTime":"0","summary":"Wall Street brokerages have turned more cautious on Chinese stocks as persistent deflationary pressures and geopolitical tensions cloud the outlook for earnings in the world’s second-largest equity 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Holdings Third Quarter 2024 Earnings: EPS Beats Expectations","url":"https://stock-news.laohu8.com/highlight/detail?id=2483655325","media":"Simply Wall St.","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2483655325?lang=en_us&edition=fundamental","pubTime":"2024-11-16 07:04","pubTimestamp":1731711866,"startTime":"0","endTime":"0","summary":"Tencent Holdings ( HKG:700 ) Third Quarter 2024 Results Key Financial Results Revenue: CN¥167.2b (up 8.1% from 3Q...","market":"sg","thumbnail":"https://images.simplywall.st/asset/company-cover/11042136-main-header/1585187609049","type":0,"news_type":0,"thumbnails":["https://images.simplywall.st/asset/company-cover/11042136-main-header/1585187609049"],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://simplywall.st/stocks/hk/media/hkg-700/tencent-holdings-shares/news/tencent-holdings-third-quarter-2024-earnings-eps-beats-expec","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"simplywall_highlight","symbols":["00700"],"gpt_icon":1},{"id":"2483418813","title":"China stocks log biggest weekly loss since July as output, home price data disappoints","url":"https://stock-news.laohu8.com/highlight/detail?id=2483418813","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2483418813?lang=en_us&edition=fundamental","pubTime":"2024-11-15 17:11","pubTimestamp":1731661896,"startTime":"0","endTime":"0","summary":"China stocks log biggest weekly loss since July as output, home price data disappointsUpdate prices and quotesHONG KONG, Nov 15 (Reuters) - Chinese stocks had their biggest weekly loss since July, 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WeChat Likely Still Has Plenty of Room for Monetization -- Market Talk","url":"https://stock-news.laohu8.com/highlight/detail?id=2483331428","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2483331428?lang=en_us&edition=fundamental","pubTime":"2024-11-15 15:22","pubTimestamp":1731655320,"startTime":"0","endTime":"0","summary":"0722 GMT - Tencent messaging app WeChat could still have plenty of room to increase monetization, Morningstar analyst Ivan Su says in a research note. Management's unusually detailed discussion of Mini Shops, its third-party e-commerce marketplace embedded within WeChat, during the 3Q earnings call highlights a key growth opportunity, he says. Mini Shops' integration with Tencent's advertising properties supports Morningstar's high-single-digit annual growth assumptions for the fintech and advertising segments. Meanwhile, WeChat's search business is positioned for long-term usage growth given increasing volumes of chat data within WeChat, combined with the growth of exclusive content within the ecosystem, Su says. \"We believe the market is significantly undervaluing this potential, creating a compelling investment opportunity in Tencent's shares,\" he adds. Shares are 0.45% lower at HK$401.40. 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