Martin Lau Chi-ping, president of Tencent Holdings, cashed in on the social media and game giant's surging stock price this year to the tune of HK$920 million ($131 million) by selling off shares.
Lau unloaded 500,000 Tencent shares for HK$254 million last week, reducing his holding in the company to 0.57%, according to Tencent's latest disclosure to the Hong Kong stock exchange. It was the fourth time this year that Lau sold Tencent shares.
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