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Jack Ma Reduces His Stake in Tencent and Liquidates His Holdings; Huayi Brothers' Revenue Declines by 44%.
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Huayi Brothers Media Corporation (Huayi Brothers) reported revenue of only RMB 85.45 million in the first half of 2026, a 44% decrease compared to the same period last year. Meanwhile, net profit, net profit excluding non-recurring items, and net cash flow were all negative. At the same time, Huayi Brothers shareholders Jack Ma and Alibaba reduced their holdings, and Tencent also sold all its Huayi Brothers shares.
·New York, United States
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