Ten Holdings, Inc. shares rise 1.83% premarket after Tencent Holdings Ltd. bought back 997,000 shares for HK$500.5 million.

Ten Holdings, Inc. rose 1.83% in premarket trading. The company's stock price increase may be attributed to the news that Tencent Holdings Ltd, a major investment holding company, has bought back 997,000 shares for HK$500.5 million. This buyback indicates confidence in the company's future prospects and can be seen as a bullish signal for investors.