BRIEF-Tencent says it has shut down its online education and e-commerce units

Tencent Holdings Ltd: * TENCENT PRESIDENT: THE COMPANY CLOSED UNITS IN ONLINE EDUCATION, E-COMMERCE AND LIVE GAME STREAMING

* TENCENT PRESIDENT: WECHAT VIDEO ACCOUNTS WILL INCREASE AD SALES AND BECOME A GREAT RANGE OF REVENUE FOR THE COMPANY

* TENCENT PRESIDENT: CHINA HAS NOT ISSUED ANY NEW INDUSTRY HARMFUL REGULATIONS THIS YEAR * TENCENT STRATEGY DIRECTOR: COMPANY MAY RETURN TO YEAR-OVER-YEAR PROFIT GROWTH EVEN IF MACRO ECONOMY REMAINS WEAK

* TENCENT’S CHIEF STRATEGY MANAGER: COMPANY CAN RETURN TO PROFIT GROWTH EVEN IF GAME GROWTH IS WEAK

* TENCENT CHIEF STRATEGY OFFICER: REPORT ON MEITUAN DISPOSAL WAS ‘NOT ACCURATE’

* TENCENT DIRECTOR OF STRATEGY: INVESTMENT PORTFOLIO WITH A MARKET VALUE OF $90 BILLION

* TENCENT’S CHIEF STRATEGY OFFICER: THE COMPANY IS FOCUSING ON RETURNING CAPITAL TO SHAREHOLDERS AND THE SHARE PRICE IS ‘VERY UNDERVALUE’

* TENCENT PRESIDENT SAYS THE COMPANY IS STILL WORKING WITH REGULATORS ON ‘FINANCIAL HOLDING COMPANY’ LICENSE * TENCENT PRESIDENT SAYS A FINANCIAL HOLDING COMPANY LICENSE CAN BE OBTAINED DOES NOT HAVE ‘A MAJOR IMPACT’ ON ITS ACTIVITIES

Also Read: White House Says Nothing Has Changed About One China Policy, US Doesn’t Support Taiwan Independence

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