Corporate Debt Restructuring Masterclass

18 July 2022 (Mon), 5pm Singapore/HK time

Tencent Reports Slowest Quarterly Sales Since Listing; Profits Fall 51% YoY

Tencent Faces Possible Record Fine

Tencent Holdings faces a potential “record fine for violations of some central bank regulations by its WeChat Pay mobile network”, according to the Wall Street Journal. Chinese financial regulators noticed that WeChat Pay had flouted China’s...
Tencent Reports Slowest Quarterly Sales Since Listing; Profits Fall 51% YoY

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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