Tencent News - July 2026
Tencent Plunges 7%, Fearing Slump in Mobile Gaming Revenue
Tencent shares plunged as much as 7.1% in Hong Kong. This marks the steepest single-day decline since April 2025. Investors sold off shares amid rumors that...
Tencent Leads $2B Manus Buyback, After Regulators Force Meta to Exit
Tencent Holdings leads a consortium to buy back AI startup Manus from Meta Platforms for $2 billion. Chinese regulators ordered Meta to unwind its 2025...
Tencent Backs Kling AI with $2.8 Billion, Challenging OpenAI Sora
Tencent Holdings, Alibaba, and Baidu participated in a significant funding round for the AI video-generation startup Kling AI. The investor consortium will...