On July 7, Tencent Holdings rose 3.01% in regular trading, trading at HK$468.0/share, with turnover of HK$3.883 billion.

On the news front, Tencent sold approximately 273 million Class B shares of Kuaishou via off-market block trade after the close on July 6, at a price range of HK$43.15–44.53 per share, potentially raising up to US$1.6 billion. Following the transaction, Tencent's stake in Kuaishou dropped from approximately 15.68% to 9.37%, and Tencent is no longer a major shareholder. The market widely interprets this as a strategic capital reallocation toward AI investments, notably as Tencent simultaneously co-led a nearly US$3 billion funding round for Kuaishou's Keling AI unit.

Additionally, Tencent's AI product momentum remains strong, with WorkBuddy reaching 13 million DAU in three months and JP Morgan maintaining an Overweight rating, citing WeChat AI Agent as reducing risk premium. The company also continued its buyback program, repurchasing 465,000 shares for HK$205 million on July 6.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)