Pony Ma Announces Tencent's Withdrawal from Investments in JD.com and Meituan
TENCENT's Strategic Moves: Pony Ma announced at the annual staff meeting that TENCENT has exited investments in JD-SW and MEITUAN-W due to intense competition in food delivery and community group buying.
Leadership Changes: Martin Lau, TENCENT's President, has resigned from the boards of JD-SW and MEITUAN-W, reflecting a shift in the company's strategic focus.
Market Competition: The food delivery sector has seen fierce competition, particularly between JD.com and Meituan, with Alibaba also entering the fray by integrating Ele.me into its Taobao platform.
Future Outlook: Haitong International anticipates that TENCENT will deliver solid results in Q4 2025, indicating a continuation of high-quality growth for the company this year.
Get Free Real-Time Notifications for Any Stock
Analyst Views on 00700
About the author

Patsnap, Intellectual Property Data Provider, Exploring Dual Listing in Hong Kong and Singapore
Patsnap's Dual Listing Plans: Intellectual property data provider Patsnap is exploring a dual listing in Hong Kong and Singapore to raise between USD 300-400 million, with discussions still ongoing.
Company Background: Founded in 2007, Patsnap is supported by major investors like SoftBank and Tencent, and it offers intellectual property data and analytics services to over 15,000 companies.

<Midday Update> HSI Falls by 498 Points; HSTI Declines by 105 Points; CSPC PHARMA Drops Over 12%; SHK PPT and HUABAO INTL Reach New Peaks
Market Performance: The Hang Seng Index (HSI) fell by 498 points (1.8%) to 27,469, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines of 1.8% and 2.1%, respectively.
Active Heavyweights: Major stocks like Xiaomi, Alibaba, and Tencent saw significant drops, with Xiaomi down 2.7%, Alibaba down 2.7%, and Tencent down 1.5%, alongside substantial short selling activity.
Notable Declines: CSPC Pharma and Zijin Mining faced sharp declines of 12.5% and 8.6%, respectively, with high short selling ratios indicating bearish market sentiment.
Gainers and New Highs: New Oriental and Huabao International were among the few gainers, with New Oriental up 3.6% and Huabao hitting a new high with a 6.2% increase.









