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
- Kenwong:
  👍
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.
- PearlynCSY:
  Tks for sharing
- PearlynCSY:
  Tks for sharing
- PearlynCSY:
  Tks for sharing
- dimsum:
  Tencent's move can boost the company's share price.
- RonaldNixon:
  Both JD.COM and Tencent are worthy of long-term investment.
LifeLearner
2021-12-24
LifeLearner
good news

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Well done, Tencent!","listText":"Reward to all loyal shareholders. Well done, Tencent!","text":"Reward to all loyal shareholders. Well done, Tencent!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/698333171","repostId":1177863167,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":698397521,"gmtCreate":1640302157487,"gmtModify":1640310326436,"author":{"id":"3582020830270271","authorId":"3582020830270271","name":"tkj","avatar":"https://static.tigerbbs.com/b4db3635974ce189ed8129eca6b5b618","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3582020830270271","authorIdStr":"3582020830270271"},"htmlText":"Poor JD.COM..... big brother don't want you already..... your shares dropped","listText":"Poor JD.COM..... big brother don't want you already..... your shares dropped","text":"Poor JD.COM..... big brother don't want you already..... your shares dropped","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/698397521","repostId":1177863167,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":698399630,"gmtCreate":1640301049528,"gmtModify":1640301050082,"author":{"id":"3574073427167727","authorId":"3574073427167727","name":"r39","avatar":"https://static.tigerbbs.com/dc513ccd203a6a79ff71de9292d1cff1","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3574073427167727","authorIdStr":"3574073427167727"},"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/698399630","repostId":1177863167,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":698399843,"gmtCreate":1640301016375,"gmtModify":1640310227770,"author":{"id":"4092458811577680","authorId":"4092458811577680","name":"PearlynCSY","avatar":"https://static.tigerbbs.com/b3e9fe7af061efe80a756d23de62e7b3","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"4092458811577680","authorIdStr":"4092458811577680"},"htmlText":"Solid reward by Top Mgt to shareholders.&nbsp;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.&nbsp;","listText":"Solid reward by Top Mgt to shareholders.&nbsp;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.&nbsp;","text":"Solid reward by Top Mgt to shareholders. 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