[Tencent reduces its stake in Reddit] According to Jinshi Data on November 22, Tencent disclosed that the company sold shares of social media Reddit. Tencent reported after the market that it sold about 655,000 shares of Reddit at an average price of $133.76 per share on Tuesday, about 882,500 shares at about $129.38 per share between November 14 and November 18, and nearly 1.5 million shares at an average price of $132.19 per share earlier this month. The total sale of nearly $400 million reduced Tencent's holdings in Reddit by about 28%. Tencent still holds more than 7.75 million shares of Reddit. (Reprinted from: Jinshi Data)