Top executives collectively cash out, Tencent is said to encounter a turning point

A major background for the "concentrated" reduction by senior executives was that on May 9, Hong Kong's Hang Seng Index announced that Tencent Holdings would be included in the Hang Seng Index components. On the second trading day after the announcement, Tencent's stock price surged by 8%, closing at HK$62.65. Following this, Tencent's stock price began to climb after experiencing a phase of decline. On May 14, Tencent released its first-quarter financial report for this year, achieving a net profit of RMB 5.344 billion, representing an increase of 84.2% compared to the previous year. This further fueled the skyrocketing of its stock price. In just half a month, Tencent's stock price increased by over 23%.