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Tencent Sells $3bn in Sea Ltd. Stake

Tencent Sells $3bn in Sea Ltd. Stake

Tencent Holdings cut its stake in Singapore’s Sea Ltd. by selling $3bn in shares. The stake sale comes about a month after Tencent said it would give $16.4bn of JD.com stock as a one-time dividend. Bloomberg notes that the stake sale might also give indications of...
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