--Tencent Holdings Ltd. has a soft target to divest around 100 billion yuan ($14.51 billion) from its equity portfolio this year, the Financial Times reports, citing two sources.
--The company is in the process of conducting partial divestments in large Chinese companies, potentially including in food-delivery company Meituan, which could reduce regulatory pressure on Tencent, the people say.
--According to a third source in the FT report, investors are also pressuring Tencent to sell underperforming assets.
Full story: on.ft.com/3Q1y0ch
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(END) Dow Jones Newswires
09-01-22 0047ET