The Tencent unit is offering about 273 million Kuaishou Class B shares at HK$43.15 ($5.50) to HK $44.53 each. The range values the sale at about $1.50 billion to $1.55 billion.

CICC analyst maintained a Buy rating on Kuaishou Technology Class B yesterday and set a price target of HK$72.80. The company’s shares closed y...

The Tencent unit is offering about 273 million Kuaishou Class B shares at HK$43.15 ($5.50) to HK $44.53 each. The range values the sale at about $1.50 billion to $1.55…

The block trade nearly halves Tencent's Kuaishou holding, weeks after it backed the platform's $18bn Kling AI spinoff.

The divestment will reduce Tencent’s shareholding in Kuaishou to 9.37 per cent from 15.68 per cent.