He also focused on the potential of live-streaming e-commerce, aiming to evolve WeChat, Tencent's robust platform with a vast user base and ecosystem, to discover new growth avenues similar to ByteDance's Douyin. Meanwhile, Tencent invested nearly $890 million (6.42 billion yuan) to acquire over 70,601 square meters of land in Beijing's Haidian district to provide centralized office space for its 12,000+ employees. Tencent stock lost over 27% last year. Price Action: TCEHY shares closed lower by 1.22% at $36.55 on Monday.