TCEHY is trading at $60.67 (3% up) as the stock gains momentum from ongoing share repurchases and a broader rally in Chinese technology shares.
- Tencent continued its buyback program, purchasing 27,600 shares on July 8 to support shareholder value.
- The stock is outperforming a slightly weaker U.S. market, bolstered by a rally in the Hang Seng Index where major peers like Alibaba are also advancing.