Prosus shares slip tracking Tencent losses amid broader sell-off

Alibaba Holding

01/09/2026 11:15

** Dutch investment company Prosus PRX.AS slips around 3.3%, tracking Tencent shares 0700.HK 2.6% fall in Hong Kong 
** Prosus, Tencent's largest shareholder, typically trades in lockstep with the Chinese technology behemoth
** SBG Securities analyst Nadim Mohamed says Tencent's decline was part of a broader sell-off, "probably linked to broader macroeconomic uncertainty around Iran and higher oil prices," noting that Alibaba 9988.HK fell about 3.3% and Baidu 9888.HK dropped 2.6%
** Mohamed adds that investor disappointment over Shein's 0625.HK lacklustre IPO may also have weighed on Tencent shares
** Prosus is the worst performer on Dutch blue-chip AEX index .AEX and, including Tuesday's losses, is down nearly 30% YTD

(Reporting by Jakob Van Calster)
((jakob.vancalster@thomsonreuters.com ))