Tencent is unidentified seller in Futu’s $206M block trade, Bloomberg reports

Tencent (TCEHY) is the unidentified shareholder that raised about $206M after selling Chinese brokerage-platform Futu‘s (FUTU) American depositary shares, Bloomberg’s Julia Fioretti and Manuel Baigorri report, citing people familiar with the matter. Tencent has been unwinding some of its investment portfolio and the Futu share sale is in line with the strategy, one of the people says.