Tencent's share price dropped 43.1% this year, evaporating about 1.5 trillion yuan, equivalent to the combined market value of a Maotai and a Zhaobao.
Since Tencent launched the "buy-buy" model on September 7, Tencent has been repurchasing shares for 22 consecutive trading days as of October 10 for more than a month, which is the longest uninterrupted repurchase in Tencent's history.
In September 30th, Tencent announced the launch of a new round of overall strategic upgrading after 6 years. On the basis of the seven major business groups (BG), it will be reorganized and integrated into six major groups. Ma Huateng said that we should focus not only on our immediate business, but also on our long-term development.