Tencent Seeks to Sell Large Stake in Kuaishou for up to $1.6 Billion

Tencent is selling a significant stake in Kuaishou, with estimates suggesting the deal could fetch around $1.6 billion (or up to $1.55 billion according to other sources). The sale comes as part of Tencent's efforts to rebalance its investment portfolio.

Tencent TCEHY is moving to sell a stake in Kuaishou Technology worth as much as $1.6 billion, according to multiple reports, as the Chinese internet giant continues to rebalance its sprawling investment portfolio.

Estimates on the exact size vary by source: some reports peg the stake at roughly 7.5% of Tencent's current Kuaishou holding, raising more than HK$12 billion, while others cite a total deal value closer to $1.55 billion. The discrepancies reflect differing snapshots of a still-being-marketed block trade rather than conflicting facts.

The divestment fits a broader pattern of Tencent trimming minority stakes in portfolio companies to free up capital, a strategy it has also applied to other holdings in recent quarters. Kuaishou, a short-video and livestreaming platform that competes with ByteDance's Douyin, remains one of China's largest social media properties even as its major shareholder reduces exposure.

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