Tencent Denies Reported Plan to Cut Stakes in Meituan, Beike and Didi

(Source: Tencent)

Reports have emerged recently claiming that Tencent Holdings is considering a reduction of its shares in Meituan, Beike, Didi and other companies, in order to provide funds for its stock repurchase and new business ventures. On September 20, a spokesperson for Tencent responded that it did not have any such plan, timetable or target amo…