"As part of a major strategy shift, the company has issued a soft target to divest about Rmb100 billion ($14.5 billion) of its $88 billion listed equity portfolio this year, according to two people familiar with the matter. This would be done depending on market conditions and internal profit targets."
The huge portfolio of $TCEHY (-1,43%) the companies could put pressure on the conglomerate as it goes through with its $14.5 billion sale. In January, Tencent already sold $3 billion of $9478 ,but still owns an 18.7% stake in the e-commerce company.
Madness what #tencent has built an empire
https://www.ft.com/content/5a7726d9-6c96-459b-b654-361685e7ca16
