Big investors are selling Chinese tech stocks, questions raised


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In the latest development, a major shareholder sold Tencent shares worth $7.6 billion on the Hong Kong market.

Prosus, a subsidiary of South African investment firm Naspers, said in a statement that it had transferred 192 million Tencent shares to Hong Kong’s clearing and settlement system and sold more than 1 million shares on September 8, reducing its stake to less than 28%.