The bloodbath of Tencent share price must have rattled numerous investors. Since early 2018, Tencent share price free fell after the Chinese authorities’ criticism on the addictive effect of mobile games on children. Following that, Tencent started to implement self-imposed limitations on games for minors. In August 2018, it didn’t help that the group announced its first quarter profit drop in 13 years. The slew of bad news created the perfect storm for Tencent share price.
So did the meltdown of Tencent share price injure Temasek Holdings? From a high of HK471 to a low of HK260, Tencent share price suffered a massive correction in 2018, making it one of the worst performing stocks globally.
Temasek Holdings hold a small stake of less than 1% in the Chinese internet firm as at 31 March 2018. While Tencent share price crashed in the past one