On July 9, Kuaishou-W declined 3.09% in regular trading, trading at HK$42.62/share, with turnover of HK$1.228 billion. The stock continued to face selling pressure as the market digested the aftermath of Tencent's massive stake reduction.

On the news front, Tencent sold approximately 273 million Kuaishou B-class shares on July 6 via off-market block trade, reducing its holding from 15.68% to 9.37% and exiting the major shareholder category, with estimated proceeds exceeding HK$12.5 billion. Citigroup noted this reduction may damage Kuaishou's market sentiment and raise concerns about whether Tencent will further sell its remaining stake. Although multiple institutions maintained buy ratings and the company conducted consecutive buybacks totaling approximately HK$249 million over two days as a positive signal, the selling pressure overhang from Tencent's reduction remains undigested. The broader Interactive Media sector also showed weakness, with peers including Tencent down 0.42%, Baidu down 1.79%, Bilibili down 3.96%, and Meitu down 2.80%.

(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.)