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Tencent Ramps Up Buybacks as Share Rout Wipes Out $309 Billion

Tencent Ramps Up Buybacks as Share Rout Wipes Out $309 Billion
Bloomberg Technology Tuesday 30 June 2026, 00:28 UTC By Jeanny Yu, Mengchen Lu 1 min read
Key Points

Tencent Ramps Up Buybacks as Share Rout Wipes Out $309 Billion China’s Tencent Holdings Ltd. is ramping up buybacks as its Hong Kong-listed shares struggle to recover from a selloff that’s wiped out about $309 billion in market value since early October. The Shenzhen-based technology behemoth has been repurchasing shares almost every trading day since mid-May, after it reported its slowest revenue growth in six quarters. At more than HK$9 billion ($1.1 billion) for June, the amount spent on...

Tencent Ramps Up Buybacks as Share Rout Wipes Out $309 Billion China’s Tencent Holdings Ltd. is ramping up buybacks as its Hong Kong-listed shares struggle to recover from a selloff that’s wiped out about $309 billion in market value since early October. The Shenzhen-based technology behemoth has been repurchasing shares almost every trading day since mid-May, after it reported its slowest revenue growth in six quarters. At more than HK$9 billion ($1.1 billion) for June, the amount spent on buybacks is poised to be the biggest for any month this year, according to calculations by Bloomberg.
China (LOCATION) Tencent Holdings Ltd. (ORG) Hong Kong (LOCATION) Shenzhen (LOCATION) Bloomberg (ORG)
Originally published by Bloomberg Technology Read original →

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