Search
On February 5, Tencent Holdings witnessed a 3.05% drop in its share price, which closed at HK$541. This marked the fifth consecutive day of decline, pushing the stock to its lowest point since August 4, 2025. Year-to-date, the cumulative decline has approached 10%, with the company's market capitalization falling below the HK$5 trillion threshold. Analysts have identified two primary factors contributing to the collective downturn of Hong Kong-listed tech stocks, including Tencent. Firstly, the underperformance of tech stocks in international markets (specifically, the U.S. market in this context) has exerted downward pressure on the sector. Secondly, the launch of substantial cash-incentive promotions for AI applications by major domestic internet companies has intensified investor concerns regarding heightened industry competition.
-
C114 Communication Network -
Communication Home
