Tencent's clearing of its holdings in UBTECH has attracted market attention

Tencent reduced its holdings in Hong Kong-listed humanoid robot company UBTECH Robotics twice on January 3 and January 7, with its shareholding ratio dropping from 8.05% to 2.08%, close to a complete reduction. After the news was released, UBTECH's stock price plummeted by 50%, becoming the focus of the market.