Tencent barely shaken by record-breaking selldown

Shares held up well after a gigantic $9.8 billion block sale by its biggest shareholder amid fears of a trade war between China and the US.

Shares in Tencent stayed afloat on Friday following a massive selldown that saw its biggest shareholder cut its stake for HK$76.9 billion ($9.8 billion) overnight, underlying public investor support for the tech giant despite less-than-satisfactory operating results for last year.

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