Tencent ADR rose more than 4% in early trading

Tiger Newspress2021-12-23

Tencent ADR rose more than 4% in early trading.Tencent said on Thursday it will transfer HK$127.69 billion ($16.37 billion) worth of its JD.com stake to shareholders, slashing its holding in China's second-biggest e-commerce company to 2.3% from around 17% now and losing its spot as JD.com's biggest shareholder to Walmart(WMT.N).

The owner of WeChat, which first invested in JD.com in 2014, said it was the right time for the divestment, given the e-commerce firm had reached a stage where it can self-finance its growth.

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精彩评论

  • haircut
    2021-12-25
    haircut
    Waiting to buy both stocks 
  • robot1234
    2021-12-24
    robot1234
    Reward to all loyal shareholders. Well done, Tencent!
  • tkj
    2021-12-24
    tkj
    Poor JD.COM..... big brother don't want you already..... your shares dropped
  • r39
    2021-12-24
    r39
    [Happy] 
  • PearlynCSY
    2021-12-24
    PearlynCSY
    Solid reward by Top Mgt to shareholders. Tencent said on Thursday it will transfer HK$127.69 billion ($16.37 billion) worth of its JD.com stake to shareholders, slashing its holding in China's second-biggest e-commerce company to 2.3% from around 17% now. 
  • LifeLearner
    2021-12-24
    LifeLearner
    good news
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