Tencent News - June 29, 2026

Prosus plans $5 billion buyback, trimming Tencent stake to boost value

Prosus announced a $5 billion share buyback plan for the upcoming fiscal year on June 29, 2026. The technology investor is currently Tencent's largest...

CXMT Lands $3B Tencent Chip Deal, Strengthening Domestic Supply Before IPO

ChangXin Memory Technologies (CXMT) signed a long-term supply agreement with Tencent valued at over 20 billion yuan ($2.94 billion). CXMT will provide dynamic...