Tencent Sells Stake in Policybazaar as Fintech Hits $10B Market Cap

- Tencent sold 2.1% stake in PB Fintech for $200 million, reducing holdings to 2.1% - PB Fintech shares rallied 4x since June 2023, hitting $10 billion market cap - Tencent's exit follows Tiger Global and SoftBank's full exits from the Indian unicorn - PB Fintech reported 52% YoY revenue growth and $7.2 million net profit in Q1 FY25 - Tencent's divestment part of trend of Chinese investors reducing Indian startup stakes Source: [The Arc](https://thearcweb.com/article/chinas-tencent-sells-more-stake-as-policybazaar-hits-10bn-market-cap-S2E4gDOgnpnfBkqb)