Tencent (TCEHY) shares recently fell 10% after longtime shareholder Naspers (NPSNY) announced a sale of 2% of Tencent's outstanding shares.
Due to Tencent's large size, the Naspers sale translates to a sum of around $9.8 billion, which is huge for any stock. Understandably, some Tencent shareholders sold on the news due to the concern that Naspers is losing confidence in Tencent. The company had never sold that amount of Tencent shares before, and Naspers likely has much more insight on Tencent than regular investors do.
Although those fears are understandable, it's