News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
TENCENT Reportedly Joins StepFun's USD2.5B Financing
StepFun is soon to wrap up a USD2.5 billion financing round, having dismantled its red-chip structure in preparation to expedite its Hong Kong IPO, sources divulged.TENCENT (00700....
Reset
Send
The window will close in 5 seconds
TENCENT Reportedly Joins StepFun's USD2.5B Financing
Close
Recommend
26
Positive
48
Negative
21
 
SHORT SELL
 
STOCK INFO
aacat by AASTOCKS
Open a new trading account to get Level 1 Real-Time Streaming!

StepFun is soon to wrap up a USD2.5 billion financing round, having dismantled its red-chip structure in preparation to expedite its Hong Kong IPO, sources divulged.

TENCENT (00700.HK)  -2.400 (-0.519%)    Short selling $3.20B; Ratio 17.434%   purportedly became a shareholder during StepFun's Series B financing and continued to participate in subsequent rounds.

Related News HSBC Research Cites Experts: TENCENT (00700.HK) and BABA-W (09988.HK) Benefit from Ecosystem Advantages
The two parties recently further deepened their cooperation, with Tencent Cloud and StepFun inking a strategic partnership.

The collaboration will integrate StepFun's foundational large models with the Tencent ecosystem of content and applications to jointly develop AI cockpit agents.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-14 16:25.)

Auto-translated by AI
View Original Text
This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

AASTOCKS Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.