Tencent’s Buyback Plan in Focus as China Tech Earnings Start
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Investors will closely watch for Tencent Holdings Ltd.’s buyback plan in earnings due Tuesday as the company’s shares rebound.
The most valuable Chinese technology company is ramping up buybacks to boost shareholder returns amid weak earnings and economic uncertainties. The tech bellwether is expected to report the slowest revenue growth in more than a year in the first quarter, according to analysts’ estimates.