Tencent is doing what companies do when they believe the market has it wrong: buying back its own stock. The Chinese tech conglomerate has been steadily repurchasing shares on the Hong Kong Stock Exchange as its market capitalization has taken a beating.
On June 15, Tencent repurchased approximately 1.081 million shares at a total cost of HK$5.01 billion, with prices ranging between HK$458 and HK$475.6 per share. Weeks earlier, on May 22, the company acquired another 1.132 million shares for HK$500.56 million.
A shareholder mandate and a clear signal
Tencent’s buyback program isn’t improvised. At the company’s annual general meeting on May 13, 2026, shareholders authorized a general mandate allowing the repurchase of up to approximately 912 million shares, roughly 10% of its total issued shares.
Tencent’s market capitalization has been hovering around $470 billion to $485 billion as of late June 2026.
