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Breakingviews - Tencent's Koolearn play teaches financial savvy

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Breakingviews - Tencent's Koolearn play teaches financial savvy

Tencent is providing a textbook example of how to bide your time and sell high. Last week the Chinese tech giant pocketed $92 million after selling most of its 9% stake in Koolearn Technology , the online services unit of China's largest English tutoring company New Oriental . That was right as the stock skyrocketed six-fold in days after the viral success of its livestreaming e-commerce venture during China's second-largest shopping extravaganza.

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tips technology electronic communications e commerce ecommerce retail online shopping tencent koolearn tencent koolearn china finance

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Breakingviews - Tencent's Koolearn play teaches financial savvy

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Breakingviews - Tencent's Koolearn play teaches financial savvy

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