Weekly Recap: Shares down ~30% YTD and Four HKEX share buybacks

Tencent Holdings Ltd (HKEX:700) has slid about 30% YTD despite strong game revenues and high‑margin video ads; investors note heavy AI spending and slow AI product rollout even as the stock closed HK$429.80 (+2.3%) and the company executed four HKEX buybacks totaling ~HK$2.0B.

Previous Week Recap

• Tencent Shares Down; AI Costs Weigh: Tencent Holdings (700) shares are down ~30% YTD; top-grossing games and high-margin video ads support revenue, while higher AI spending and lagging AI products weigh. Last close HK$429.80 (+2.3%).
• Tencent Reports HKEX Buybacks: Tencent Holdings (700) disclosed four HKEX share buybacks: 1.2M shares for HK$500.9M (June 29), 1.2M for HK$500.6M (June 30), 1.1M for HK$500.8M (July 2), 1.1M for HK$500.9M (July 3).

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