Tencent Holdings (HKEX:700) boosted shareholder backing with multi-million HK$ buybacks, filed to sell up to $1.6B of Kuaishou stock, piloted the Xiaowei AI agent in WeChat, and inked a 10-year deal to buy 300,000 carbon removal credits in Indonesia — signaling tech, capital and sustainability moves.
Previous Week Recap
- Tencent Rounds Up Buybacks: Tencent Holdings (700) repurchased 1,592,600 shares across three HKEX trades July 6–9: 465,000 for HK$204.8M, 27,600 for HK$12.7M, and 1,100,000 for HK$500.7M.
- Tencent Files To Sell Stake: Tencent files to sell up to $1.6B stake in short-video platform Kuaishou; filing names max size and asset but gives no timing, tranche details or use of proceeds.
- Tencent Tests Xiaowei AI: Tencent (700) tests Xiaowei, an AI agent in WeChat offering chat, search, summarization, reply drafting and mini program launches. Early tests are limited, slow and require user intervention.
- Tencent Purchases Carbon Credits: Tencent Holdings (700) signed a 10-year deal to buy 300,000 carbon removal credits from an agroforestry project in Sulawesi, Indonesia — its first carbon removal purchase outside China.
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