# Tencent Looses Investment and Value

Published 2018-03-23 · Updated 2026-03-26 · Business Services on MarketScale
Canonical: https://www.marketscale.com/industries/business-services/tencent-looses-investment-value

> Tencent Holdings Ltd’s (0700.HK) shares fell more than 4 percent on Friday, wiping out around $23 billion of market value, after the Chinese internet firm’s largest shareholder, Naspers Ltd (NPNJn.J), lowered its stake for the first time in 17 years. The Hong Kong-listed stock opened almost 8 percent lower at HK$405, its lowest start since…

Tencent Holdings Ltd’s (0700.HK) shares fell more than 4 percent on Friday, wiping out around $23 billion of market value, after the Chinese internet firm’s largest shareholder, Naspers Ltd (NPNJn.J), lowered its stake for the first time in 17 years.

The Hong Kong-listed stock opened almost 8 percent lower at HK$405, its lowest start since Feb. 9, and closed at HK$420. Bourse data showed it was the most traded stock on Friday, with turnover of HK$126 billion ($16.05 billion).

Read the full article [here](https://www.reuters.com/article/us-naspers-tencent-holdings-stock/chinas-tencent-loses-51-billion-in-market-value-in-two-days-idUSKBN1GZ24Q)

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