Tencent Accelerates Buyback as Stock Falls

Tencent bought back the most number of shares in a single day Wednesday, a move that should support the share price after the Chinese tech giant's appearance on a Pentagon list triggered one of its heaviest selloffs in years.

- SHERRY QIN

China's largest public company by market capitalization spent the equivalent of about $193.3 million to buy back 4.05 million shares on Wednesday, a filing to the Hong Kong bourse showed.