Tencent Shares Fall Below $400, Retreating to Eight-Year Low
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On 23 October 2026, the Hong Kong Economic Times reported that Tencent (00700) shares fell below $400, retreating to a level last seen eight years ago. The report said the market is concerned that the return on Tencent's artificial intelligence (AI) investment remains unclear, while rival ByteDance continues to divert users, slowing growth in Tencent's existing businesses. The report was headlined "Quietly Awaiting 4 Conditions for Recovery", but the available content did not set out what those 4 conditions are. The matter remains at the stage of falling share prices and a wait-and-see market, with no other follow-up developments seen so far.
Generated by AI from reporting · updated 3 hours ago
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- 香港經濟日報·財經地產ET Stock Pick | Tencent (00700) Falls Below $400, Awaiting Recovery on 4 Conditions
Tencent (00700) has fallen below $400, with its share price back to where it was 8 years ago. The market worries that returns on AI investment remain unclear, while rival ByteDance keeps diverting users and growth in its original businesses slows.
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