Weimob Group responds to big dump in stock price: Tencent's reduction of holdings will not have a substantial impact on the business relationship between the two parties.

Jinshi data news on January 10th, on January 10th, Weimeng Group (02013.HK) fell by more than 40%, with a latest Market Cap of 6.35 billion Hong Kong dollars. On the news front, on January 9th, the Hong Kong Stock Exchange’s equity disclosure system showed that Tencent had reduced its stake in Weimeng Group from 8.39% to 2.94%. In response, on January 10th, Weimeng Group stated that Tencent’s reduction of the company’s shares was part of an active review and optimization of the investment portfolio and would not have a substantial impact on the business relationship between the two parties. In the future, Tencent and Weimeng will continue to work together to provide high-quality services to customers. On January 10th, a person close to Tencent responded to reporters, stating that this move is a routine review and adjustment of the investment portfolio, in order to better allocate investments for shareholder returns or new investment opportunities.