The Digital Source For China's Tech Innovation Since 2000

Search
Close

JD Stock: The Tencent News That Has Chinese Tech JD.com Tumbling Today

December 24, 2021
Source: investorplace.com investorplace.com
News Snapshot:
JD.com (NASDAQ: JD ) stock is taking a beating on Thursday following news about Tencent (OTCMKTS: TCEHY ) 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 company is now viable and doesn’t need...
Go To Original Source →
Tags: Casino | Chinese | CNBC | e-commerce | gambling | government | investment | IT | JD | JD.com | nasdaq | news | publishing | shares | stock | stock market | stocks | strategy | technology | Tencent | True | writer

Other Related News:

India message to China on Taiwan: Avoid actions to change status quo

August 13, 2022

Hinyx, a Chinese-based pioneer in the wireless ch

August 13, 2022

Taiwan hands over a US$950,000 grant to Belize for several initiatives including internet for 197 schools

August 13, 2022

China crypto mogul seeks to sell Huobi stake at $3 billion value

August 13, 2022

Xiaomi CEO says it has 140 vehicles across China testing autonomous driving

August 13, 2022

Former Taiwanese TSMC exec says joining China’s SMIC was ‘foolish’

August 13, 2022

Taiwan chip veteran calls working for China’s top foundry SMIC a ‘foolish’ decision

August 13, 2022

Can Indian Brands Gatecrash The Chinese Smartphone Party?

August 13, 2022

Want to buy a Rolex watch online? 6 of the best places you can trust for both new and pre-owned watches

August 13, 2022
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
Menu
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2022 ChinaTechNews.com. A Service of Asia Media Network.
Twitter
Posting....