Core Viewpoint - Tencent Holdings (00700) announced a share buyback of 635.5 million HKD to repurchase 1.014 million shares on November 25, 2025 [1] - On the same date, 7,915 shares were issued due to the exercise of stock options [1] Summary by Category - **Share Buyback** - Tencent will spend 635.5 million HKD to buy back 1.014 million shares [1] - **Stock Options** - 7,915 shares were issued as a result of stock option exercises on November 25, 2025 [1]

Core Points - Tencent Holdings announced a share buyback of 635.5 million HKD to repurchase 1.014 million shares on November 25, 2025 [1] - On the same date, 7,915 shares were issued due to the exercise of stock options [1]

Group 1 - Tencent Holdings announced a share buyback plan, spending HKD 636 million to repurchase 1.014 million shares [1] - The buyback price per share ranges from HKD 620.5 to HKD 634.5 [1]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 騰訊控股有限公司 呈交日期： 2025年11月25日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 00700 | 說明 | | | | | | | | 多櫃檯證券代號 | 80700 | RMB 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | 已發行股份（不包括庫存股份） ...

Core Insights - On November 24, 42 Hong Kong-listed companies conducted share buybacks, totaling 36.2765 million shares and an aggregate amount of 868 million HKD [1][2]. Group 1: Buyback Details - Tencent Holdings repurchased 1.022 million shares for 636.4 million HKD, with a highest price of 626.5 HKD and a lowest price of 613.5 HKD, bringing its total buyback amount for the year to 64.143 billion HKD [1][2]. - China COSCO Shipping repurchased 3 million shares for 40.35 million HKD, with a highest price of 13.56 HKD and a lowest price of 13.41 HKD, totaling 5.796 billion HKD for the year [1][2]. - China International Marine Containers repurchased 4.8904 million shares for 35.9467 million HKD, with a highest price of 7.44 HKD and a lowest price of 7.25 HKD, totaling 795.1398 million HKD for the year [1][2]. Group 2: Notable Buybacks - The largest buyback amount on November 24 was by Tencent Holdings at 636.4 million HKD, followed by China COSCO Shipping at 40.35 million HKD [1][2]. - The highest number of shares repurchased on that day was by China Feihe, with 7.233 million shares, followed by Pacific Basin Shipping and China International Marine Containers with 5 million and 4.8904 million shares, respectively [1][2]. Group 3: First-Time Buybacks - Companies such as Multi-Point Smart and Boya Interactive conducted their first buybacks of the year during this round [2].

Core Points - Tencent Holdings has been actively repurchasing its shares, with a total of 1.27 million shares bought back this year, amounting to HKD 641.43 billion [1][2][3] - The stock price showed a slight increase of 2.38% on the day of the latest repurchase, closing at HKD 624.50 [1] - The company has conducted 105 repurchase transactions this year, indicating a strong commitment to returning value to shareholders [1][2] Summary by Category Share Buyback Activity - On November 24, Tencent repurchased 1.022 million shares at prices ranging from HKD 613.50 to HKD 626.50, totaling HKD 63.569 million [1] - Since November 18, the company has repurchased a total of 5.121 million shares, with a cumulative expenditure of HKD 317.9 million [1] - The stock has experienced a cumulative decline of 1.89% during the recent repurchase period [1] Financial Metrics - The total amount spent on share repurchases this year is HKD 641.43 billion, reflecting a significant investment in its own stock [1][2] - The average price of shares repurchased varies, with the highest recorded price being HKD 683.00 on October 2 [1][2][3] Market Performance - The stock's trading volume on the day of the latest buyback was HKD 13.93 billion, indicating strong market interest [1] - The stock has shown resilience with a 2.38% increase on the day of the latest repurchase despite recent declines [1]

腾讯控股(00700)发布公告，于2025年11月24日，该公司斥资6.36亿港元回购102.2万股。 ...

智通财经APP讯，腾讯控股(00700)发布公告，于2025年11月24日，该公司斥资6.36亿港元回购102.2万 股。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 騰訊控股有限公司 呈交日期： 2025年11月24日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 00700 | 說明 | | | | | | | | 多櫃檯證券代號 | 80700 | RMB 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | 已發行股份（不包括庫存股份） ...

Core Insights - Alibaba Group's Qwen app achieved over 10 million downloads within its first week of public beta launch, indicating strong initial traction [1][2] - Following the announcement of this milestone, Alibaba's shares in Hong Kong rose by more than 5%, reflecting positive investor sentiment [2] - The rebranding and unification of Alibaba's AI offerings under the Qwen name appears to have successfully attracted mainstream users [3] Company Performance - Qwen quickly became one of the top five free apps on the Apple App Store in mainland China and Hong Kong during its second day of beta testing, showcasing its rapid adoption [3] - Analysts suggest that Qwen has the potential to become a significant player in the AI space, likening it to China's WeChat for the AI era, which could enhance Alibaba's market position [4] Competitive Landscape - Despite the successful launch, Alibaba faces intense competition from low-cost rivals like DeepSeek, which has initiated a price war in the industry [5] - Alibaba's broader AI initiatives have contributed to an impressive 87% year-to-date stock gain in Hong Kong, indicating renewed investor confidence in its long-term strategy [5] Growth Prospects - Current assessments indicate that while Alibaba's short-term price trend has moderated, the company maintains solid growth prospects for the medium and long term [6]