Summary by Moomoo AI
On January 30, 2024, Tencent Holdings Limited, a major integrated Internet services company listed on the Hong Kong Stock Exchange, filed an amendment with the U.S. Securities and Exchange Commission to report an intra-group reorganization involving its wholly-owned subsidiaries. The amendment, known as Schedule 13D/A, indicates that Tencent's subsidiaries, Dandelion Investment Limited and Sogou Technology Hong Kong Limited, transferred a total of 27,448,933 Class A ordinary shares to another subsidiary, Huang River Investment Limited. This transfer resulted in Dandelion and Sogou ceasing to beneficially own any Class A ordinary shares of Zhihu Inc., while Huang River's beneficial ownership increased to 9.5% of the total issued and outstanding Class A ordinary shares. Tencent Holdings, through its subsidiaries, now beneficially owns 38,066,599 Class A ordinary shares, representing 13.1% of Zhihu Inc. The beneficial ownership percentages are based on the total number of Class A ordinary shares issued as of December 31, 2023. The filing serves as an exit filing for Dandelion Investment Limited, indicating it no longer holds any shares.
