Chinese investors piled back into beleaguered Tencent Holdings Ltd. in August, braving a relentless tech crackdown from Beijing that almost halved its stock price.
See: Tencent bounces back after state media soften tone on gaming
Traders from China bought a net HK$5.8 billion ($1.00 billion) of the Hong Kong stock via trading links, snapping two months of outflows, according to Bloomberg calculations based on exchange data. The purchases helped the mobile gaming giant climb 0.5% in August, the first gain since April.
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