China’s State Administration for Market Regulation (SAMR) penalized Tencent Holdings on Wednesday (Jan. 5) for failing to properly report its transactions. Late on Tuesday, Tencent reduced its stake in Sea Ltd, a tech giant of gaming and e-commerce in Singapore, which is considered the most valuable stock in Southeast Asia. With 14.5 million shares sold worth $3 billion, Tencent cut its stake in Sea Ltd 18.7% from 21.3%, according to Reuters . The sale came after Tencent announced last month it would divest $16.4 billion of its stake in JD.com, China’s second-biggest e-commerce firm, amid pressure from Beijing’s broad regulatory...