Chinese tech stocks fall after Naspers-owned Prosus announces share buyback plan
Chinese technology stocks fell as a plan by Tencent Holdings Ltd.’s major backer to further cut its stake in the company fueled concerns more investors may look to take profits following a strong rally.
The Hang...
Naspers-owned Prosus selling Tencent stock to buy back own shares
Naspers and Prosus have announced a share repurchase programme, where it will sell a portion of the group's Tencent Holding shares to buy back its own stock.
The repurchase programme will be funded by the on-market sale of...
JD.com CEO investigated over alleged sexual misconduct
JD.com Inc.’s billionaire founder was arrested for alleged sexual misconduct during a U.S. business trip, as local police begin an investigation into the chief executive officer of one of China’s largest internet corporations.
Liu...