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JD.com stock is taking a beating on Thursday following news about Tencent giving away its stake in the Chinese e-commerce company.At least, Tencent will give away most of its stake in the company. It announced a special one-time dividend that will have it distributing shares of JD stock to its shareholders. That will have to reduce its ownership of the company’s stock by 457 million. That will drop its stake from 17% to 2.3%.According to Tencent, it’s reducing its stake in JD.com because the com

Chinese electric vehicle maker Nioheld its annual Nio Day event last weekend where it unveiled its latest new electric sedan. Though customers appear to be eager to purchase one, Nio stock's continued decline has resulted in a 22% drop in the stock's value over the past month. Today, shares dropped 1.03% and continued to slide 1.34% in extended hours.Nio hasn't put out any company-specific news today, but it introduced its new ET5 electric sedan last weekend, which it hopes will compete with Te

Summary Sea Limited stock has been battered recently as growth stocks sold off massively in the mar

* Fed to end bond purchases, signals rate hikes in 2022 * Tech is worst among 11 S&P 500 sector inde

The Singapore stock market has finished lower in two straight sessions, sinking more than 20 points

Pinduoduo shares surged 11% in morning trading after Macquarie gave pinduoduo a market beating ratin